Paya, a leading provider of integrated payment and commerce solutions, has partnered with Artis Technologies, a provider of modern lending solutions for businesses to offer affordable, low-friction financing to their customers at the point of need. Through this partnership, Paya’s payments technology will integrate directly into the Artis Connect and Artis Credit platforms, providing a seamless payment experience for businesses offering real-time consumer financing.
Paya enables Artis and the businesses it serves to process payments digitally and track them in real time, significantly increasing operational efficiency. As part of Artis’ real-time lending framework, businesses can help their clients quickly secure funding for a variety of needs then automate the payment processing based on the client’s new line of credit, ensuring that funds are readily available to support project continuity.
“Paya’s collaboration with Artis represents yet another use case of integrated payments tailored to the unique needs of each vertical, this time for the lending space,” said Mark Engels, Paya’s Chief Revenue Officer. “Through our partnership, Artis will enhance its embedded financial services platforms with integrated payment capabilities, offering businesses a more efficient way to track and process payments, and improve the overall experience for their customers.”
“Our partnership with Paya provides a significant value add to the businesses we serve and their customers, particularly those within the home improvement space who’ve experienced a spike in consumer demand amid the pandemic,” said Barclay Keith, CEO of Artis. “It’s about embedding financial products into the consumer experience at the right moment, and in order to make that happen, businesses need to have integrated tools available at the point of need. We believe embedded finance is the future, and our partnership with Paya is one way we’re continuing to make financial services seamless for businesses and consumers alike.”
Since the launch of Artis Technologies earlier this year, the company has introduced Artis Credit, a platform that equips businesses to serve as the face of financing, while giving lenders an easy pathway to gain a new share of the consumer loan market – as well as Artis Connect, a complete private-label platform that enables businesses to offer downstream credit through existing customer relationships.