Finance

Simplified Finance and Compliance

Kanda is your trusted finance partner, simplifying the burdensome and costly FCA compliance for Registration.

Diverse Financing Options

Kanda offers a range of fixed-rate financial products, including 0% interest-free credit, 11.9% interest-bearing credit, 14.9% second-line credit, and 16.9% Buy Now, Pay Later. The 0% IFC option covers amounts from £250 to £15,000 with flexible repayments over 6 months to 4 years.

Efficient Application Process

The application process for merchants is swift and entirely online. Upon approval, you can start offering finance within days. There’s no sign-up fee; Kanda operates on an annual subscription fee of £750 + VAT, payable in three convenient instalments or via credit/debit card.

Streamlined Funds Management

Kanda ensures seamless financial transactions. Secured funds are released directly to you upon receiving the customer satisfaction note, eliminating the need to chase payments. Funds are never disbursed to the customer, whether you require deposits or not.

Effective Merchant Promotion

Merchants can promote their finance facility through a prominent website banner and a Finance icon. Customers can access the application form easily through these links, shareable across various communication channels.

Enhanced Customer Experience and Credit Checks

The customer experience is improved with a two-stage credit check process. A quick 30-second soft credit search, not affecting the customer’s credit report, is followed by a more detailed 5-10 minute hard credit search. In some cases, lenders may offer revised terms instead of declining.

Efficient Funds Release

Customers complete the Note of Satisfaction Form promptly after installation, with a high return rate within 24 hours. Kanda checks the form and releases the funds to you within one working day, minus any applicable merchant contribution. In case of delays, Kanda intervenes, ensuring guaranteed payment with minimal delay.

Merchant Subsidies and Sign-Up Process

Merchant subsidies apply to customer financing, with a comprehensive price list provided. Signing up with Kanda is quick and straightforward. Create an account verified with your email address, provide digital proof of ID and address (driver’s license or passport), and complete the application. You’ll be asked to pay the first year’s subscription fee of £750 + VAT, which can be made in full by debit/credit card or three equal instalments using the provided link.