ThinkSmart (TSM) announced that it has signed a 5 year Retailer Agreement with the Leading Edge Group, one of the largest retailer buying groups in Australia with over 1,350 stores. ThinkSmart expects the relationship to contribute in the range of 5% to 10% to Australian business volumes on a full year basis from the second half of 2011.
Announcing the agreement today, ThinkSmart Executive Chairman and CEO said “We are very pleased to be in partnership with the Leading Edge Group and to be supplying our market leading consumer and small business rental finance products to their members. Our system automation and online presence was a key factor in the Leading Edge group’s decision to partner with us” “The agreement highlights the broad range of growth opportunities now available to us across all retailing formats in our chosen segments following the announcement earlier in the year of the new Securitisation funding platform” added Mr Montarello.
ThinkSmart is a leading international financial services company in the delivery of point of sale finance products through the retail in store and online environment. The business currently operates with market leading retailers and financial institutions in the UK and Australia, as well as operations in Spain, Italy and New Zealand where it has built a reputation for processing high volumes of low value business finance transactions both quickly and efficiently. The Leading Edge Group is one of Australia’s largest retail buying Groups with over 1350 retail members operating under its franchised solutions across a number of categories including Telecommunications, Computers etc.