LOOP has unveiled a new device financing solution designed to make premium smartphones and other gadgets more accessible. The service has been launched in partnership with bolttech, a global insurtech company known for providing device protection and digital insurance solutions.
The offering brings together LOOP FLEX, a Buy Now Pay Later solution with repayment periods of up to 12 months, and bolttech’s device protection cover. Customers who purchase devices through LOOP FLEX will enjoy protection against theft, accidental damage, liquid damage, mechanical breakdowns and repairs done only at authorised service centres using genuine parts.
LOOP says the service is aimed at giving customers an easier and more secure way to own quality devices while safeguarding long-term value.
Eric Muriuki, CEO of LOOP DFS, said the introduction of the device financing solution aligns with LOOP’s goal of providing financial services that fit into the everyday digital lifestyle of its customers. He added that the new product makes it easier for people to own high quality devices while giving them peace of mind through reliable device protectionals.
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