Dozr, an online equipment rentals marketplace, announced a partnership with finance super app Flexbase. The rent now pay later functionality provided by Flexbase Pay allows contractors to rent equipment through Dozr with 60 days of 0-percent interest-free credit.
Using Flexbase Pay at Dozr checkout allows contractors to rent equipment from just one single credit account, minimizing the hassle of multiple accounts while providing much-needed leeway.
“With our background in the industry, the Dozr team understands that cash flow is a challenge faced by contractors every day,” said Dozr CEO and co-founder Kevin Forestell. “With Flexbase Pay, renters are given the financial flexibility they need when renting equipment. As a customer-obsessed company we’re delighted to be the first to partner with Flexbase to empower contractors across the country.”
While widely available to consumers, the buy now pay later concept can be more complex for businesses facing complicated underwriting processes. With Flexbase, Dozr can offer contractors a straightforward solution with financing often received in less than five minutes, Dozr officials say.
"Managing credit and customer payment collections has long been a thorn in the side of equipment rental companies and other online B2B marketplaces," said Zaid Rahman, CEO, Flexbase. "With a simple Flexbase Pay integration, industry leaders like Dozr can quickly offer their contractors a greater freedom in payment options, giving them quick approval for much-needed credit. Partnering with a rapidly growing brand like Dozr was a no-brainer and we're thrilled to bring this flexibility to Dozr renters."
The partnership with Flexbase highlights a year of growth for the company. Recently named a “Top Growing Company” by the Globe and Mail, Dozr has doubled employee headcount since announcing its $22 million Series B in February of this year, rocketing the company into a significant revenue growth. With aggressive tech advancements planned for the new year and markets expanding into Arizona, Washington, Nevada, Colorado and Tennessee, Dozr is primed for further growth.