New Payl8r partnership with Faces Consent app expected to bring in £24m per year
Online millennial finance firm, Payl8r, has become the exclusive buy now pay later partner for Faces Consent, an innovative app used by the aesthetics industry to create client consent forms and purchase pharmaceutical products. The partnership is expected to bring in £24m in revenue to Payl8r in the first nine to 12 months.
Samantha Fogerty, managing director at Payl8r comments: “We’ve been working hard over the past two years to establish ourselves within the beauty and aesthetics industry. This new partnership with Faces Consent will grow our market share and bring in an estimated £24m in revenue within the first year alone. The app processes around 3000 transactions every day and we’re delighted to offer their 45,000 users flexible finance to buy now and pay later.”
Faces Consent was launched two and a half years ago by entrepreneurs Ben O’Brien and Ashley Simpson Davies as an app designed to house the consent forms for their own private aesthetic clinic. They soon realised that other practitioners were eager to use their technology, so they granted free access. Since then, Faces Consent has seen phenomenal growth with over 45,000 registered users, 90% of which are UK based.
While the app itself is free, Faces Consent has a range of commercial partnerships which bring in revenue. It currently sees an average of £20,000 of pharmaceutical sales each day as practitioners purchase products such as toxins and fillers directly within the app. This figure is likely to increase and the Faces Consent team has plans to increase their product range.
Ben O’Brien, co-founder and MD of Faces Consent, comments: “The success of our app has been down to listening to what our users want and delivering it to them in an effortless way. Over the past year we’ve had a lot of questions from users asking where they can secure flexible finance to spread their payments.
“We spent a lot of time looking into building our own finance technology, but it soon became apparent it would be easier to partner with an existing buy now pay later brand. Payl8r was our ideal partner as its proprietary tech is cutting edge and we like the fact that it’s one of the only BNPL firms that is regulated. The team has made this whole process effortless for us and we’re excited to see where this partnership will take us.”
Payl8r is rapidly expanding. It has already seen an 334% increase in lending over the last 12 months and it has increased by staff by 150% over the past year. To keep pace with its growth, Payl8r has hired an inhouse Talent Acquisition Partner and is extending its office space in Greater Manchester.
