TurnKey Lender is happy to announce its first lending automation project in Fiji, adding a new jurisdiction to the current 50+ markets the company digitizes credit in. Vinod Patel, one of the leading retailers in the region, employs over 1400 employees in Fiji, Samoa, and Timor-Leste across 9 retail, distribution, and manufacturing business units as well as interests in property investments and associated businesses.
With TurnKey Lender Standard platform, Vinod Patel is going to digitize the buy now pay later process in-house. The company is going to automate every part of the loan’s lifecycle and use BNPL as a powerful retention, sales, and customer experience tool.
The company has 14 branches and sales offices located in all major towns and cities: CenterPoint, Suva, Nausori, Korovou, Labasa, Taveuni, Pacific Harbour, Sigatoka, Nadi, Lautoka, Ba, Tavua, Rakiraki and Kadavu. Employing over 1400 people and is an equal opportunity employer. Vinod Patel has a product range of more than 25,000 items including hardware, building materials, tools, plumbing & sanitary ware, tiles, paints, electrical, industrial equipment, homeware and gardening.
Given the high price of renovations and customers’ desire to get the best materials for their homes and construction projects, an easily accessible and affordable buy now pay later process will serve as an important differentiator and a competitive advantage for Vinod Patel.
About TurnKey Lender
TurnKey Lender is a global B2B SaaS company that offers AI-powered lending automation and decision management solutions in 50+ countries. From origination and underwriting to servicing, collection, and reporting the company’s software can automate the entire lending process just as well as its specific parts. TurnKey Lender supports numerous credit products out of the box – both commercial and consumer – on the same flexible SaaS platform.
About Vinod Patel
Vinod Patel is a conglomerate of retail and manufacturing businesses across the Asia Pacific region. Vinod Patel & Company Limited is Fiji’s leading supplier of Hardware & Building Materials and is among the largest Hardware companies in the South Pacific.