SmartPay, an instant financing option powered by BillFloat, will soon be available via a select group of Radio Shack retail outlets in Houston as part of a pilot program, BillFloat announced today.
SmartPay allows consumers to pay for newly bought smartphones on an “in-store lease-to-own” basis. The new partnership with Radio Shack will be the first time such a financing opportunity has been available to potential smartphone buyers.
Based in San Francisco and founded in 2009, BillFloat’s More-Time-To-Pay platform helps provide instant financing options for merchants and their customers.
The platform supports SmartPay
, as well as products like MoreTime
. According to BillFloat, SmartPay volume has grown by more than 1,900% since its launch last September.
In becoming part of the pilot program, Radio Shack joins MetroPCS, Virgin Mobile, and CSpire in offering SmartPay.
Ryan Gilbert is co-founder and CEO of BillFloat. The company has raised
more than $20 million in venture capital.
BillFloat presented its MTP platform as part of the FinovateSpring 2011 show in San Francisco. Watch a demo of the technology at work here