Deko partners with Shire Leasing

Multi-lender finance platform Deko has announced a strategic partnership with Shire Leasing, a UK independent B2B funding specialists. This collaboration marks a major step forward, as Shire Leasing becomes the first B2B finance provider to be integrated into Deko’s platform.

Through this partnership, businesses purchasing equipment from online vendors will now be able to opt for leasing solutions directly at checkout, simplifying the way UK businesses access and finance essential equipment.

Shire Leasing’s Click2Finance solution, which is being offered through Deko, allows businesses to lease equipment through a genuine business finance agreement. This option relieves the need for businesses to rely on retail finance agreements that often place personal liability on the purchaser.

With the new service, businesses can complete a full finance application in under 15 minutes. If approved, they can immediately access the equipment they need while spreading the cost over two to five years—substantially longer than the typical few-month terms offered by traditional credit options.

The partnership comes at a time of growing demand for leasing solutions among UK businesses, with nearly £40 billion in asset finance processed in 2023 alone, according to data from the Finance & Leasing Association (FLA).

By adding Click2Finance to Deko’s offerings, the integration creates a frictionless way for B2B equipment merchants to provide flexible, long-term payment options, making leasing a more accessible choice for their business customers.

“We chose to partner with them as their solution serves a market that is currently underserved and their focus on a seamless customer experience aligns well with Deko’s offering.”

Before this partnership, merchants often faced significant hurdles in integrating B2B leasing options like Click2Finance into their online checkouts, requiring considerable time and development resources. Now, by leveraging Deko’s platform, the integration process for merchants can be completed in as little as two hours, especially for businesses using platforms like Magento, Shopify, and WordPress. This dramatically reduces the implementation time, allowing vendors to offer leasing options without extensive custom development.

Deko’s collaboration with Shire Leasing is part of its broader strategy to expand partnerships with B2B software providers and payment service providers, ensuring that more equipment suppliers can easily access Click2Finance and other financial solutions.

The partnership signals a new phase for B2B e-commerce, where offering flexible finance options at checkout can help boost sales conversions and enhance customer satisfaction. By integrating Click2Finance, B2B vendors can now cater to the growing demand for affordable, long-term finance solutions, particularly from SMEs seeking to invest in new equipment while managing cash flow efficiently.

“Over the years, we have witnessed how e-commerce platforms have redefined B2C shopping with streamlined processes and payment simplicity. Click2Finance is the first solution to mirror those online shopping customer experience expectations in a business capacity.

“We’re thrilled to partner with Deko and leverage their extensive e-commerce expertise to enable B2B equipment vendors the option to integrate business leasing options at checkout alongside existing payment options. The partnership will help to increase overall sales conversions in the online B2B marketspace and improve accessibility to flexible finance options for UK SMEs looking to invest and grow affordably.”