Dozr Releases Rent Now Pay Later Checkout for Contractors in the United States
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.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.