Thryv enhances rapid growth – GuruFocus.com

Thryv Holdings, Inc. (NASDAQ: THRY), the small business platform for growing small and medium-sized enterprises (SMBs), today announced new enhancements to its fully integrated payment solution, ThryvPaySMwhich now allows service companies to offer consumer financing, in partnership with Wisetack, as a new payment method.

Businesses using ThryvPay, the company’s proprietary payment processing solution, can now invite their customers to pre-qualify for financing early in the customer journey. The consumer can pre-qualify for services* such as home services, automotive services, veterinary services, dental services and medical service financing before accepting a proposal. The invitation to apply for funding is processed through the Thryv® platform, allowing the business owner to transparently see which customers have been prequalified and for how much.

While customers have the benefit of paying for services in affordable installments once the service is complete, business owners receive full payment immediately (less a nominal transaction fee), allowing them to scale significantly. exponential growth in their total addressable market and not only to rely on customers who can afford cash-and-carry services.

“We have seen phenomenal growth of ThryvPay since its launch 18 months ago, with total processing volume growth of 235% year-over-year and a current annual execution rate of $150 million said Ryan Cantor, Chief Product Officer at Thryv. “The market has embraced ThryvPay, and this is another opportunity for small businesses to have more control over how and when they get paid. At the same time, Thryv users can offer their customers greater purchasing power while increasing their bottom line. On average, small businesses can expect to see more than 20% of the average ticket when they offer convenient financing options.”

To facilitate the easy integration of consumer finance, Thryv has partnered with Wisetack, an industry leader in service-based business finance.

“Wisetack and Thryv will enable thousands of other businesses to offer their customers simple, user-friendly financing,” added Bobby Tzekin, CEO and co-founder of Wisetack. “Now Thryv users can offer their customers a better way to afford the services they need, while growing their business.”

In addition to consumer financing, ThryvPay has also added Apple Pay and Google Pay as convenient new payment options for consumers, along with customer-focused enhancements to the user interface that make it even simpler and more intuitive. ThryvPay now enables SMBs to accept credit card, ACH/bank draft and consumer finance payments.

Learn more about ThryvPay consumer financing options and how to take advantage of them. here.

*All loans are subject to credit approval. Your terms may vary. Wisetack loans are issued by Hatch Bank. For example, a $1,000 purchase could cost $45.18 per month for 24 months, based on an APR of 7.9%. See additional terms at wisetack.com%2Ffaqs.

About Thryv Holdings, Inc.

Thryv Holdings, Inc. (NASDAQ: THRY) is a global marketing software and services company that enables small and medium-sized enterprises (SMBs), franchises and agencies to grow and modernize their operations so they can compete and win in today’s economy. . More than 46,000 companies use our award-winning SaaS platform, Thryv®, to manage their end-to-end customer experience, which has helped companies in the United States and abroad increase their bottom line. Thryv also manages the digital and print presence of over 400,000 businesses, connecting these SMBs to local consumers through proprietary local search portals and print directories. For more information about Thryv Holdings, Inc., visit thryv.com.

About Wisetack

Wisetack makes it easy for in-person businesses to offer financing to their consumers. Through its suite of APIs, Wisetack integrates financing options into software platforms that companies already use in their day-to-day operations. In-person businesses can start offering consumer financing in minutes and increase sales. Consumers can pay for life-enhancing purchases over time, with no surprises or unexpected costs. All loans are subject to credit approval. Your terms may vary. Wisetack loans are issued by Hatch Bank. See additional terms at wisetack.com%2Ffaqs.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220628005494/en/

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