Ammo International Sees 5% Sales Boost with Quartix's BNPL Product

Headquartered in New York, Ammo International is a thriving wholesale Electrical Manufacturer catering to the wholesale and distributor market. Led by the vision of their founder and CEO, Michael Friedman, the company has earned a reputation for helping clients control inventory costs on everyday electrical supplies, thereby boosting their profitability.

Nevertheless, even with such a robust business model, Ammo faced some obstacles. The major hurdle was rapidly expanding its inventory due to the fast payment requirements from their suppliers. These challenges not only stifled their growth, but also limited their ability to seize identified market opportunities.

Ammo identified the need for a solution that was both flexible and effective. The team set out three primary objectives:

  1. Identifying a solution that would provide flexibility for funding strategic purchases.
  2. Ensuring there was no obligatory commitment towards their funding partner.
  3. Maintaining control over when and how to fund purchases, preventing unnecessary costs.

Michael and his team found their solution in Quartix's Buy Now Pay Later (BNPL) product. This user-friendly digital platform allowed Ammo to selectively fund purchasing transactions. More importantly, the BNPL product ensured the availability of necessary financing within 24 hours, facilitating prompt vendor payments—a critical aspect of Ammo's operation. The BNPL solution's hallmark feature was the flexibility it offered. This meant that Ammo wouldn't incur any financing costs when the product wasn't being utilized, thus aligning with their second objective.

Thank you!
Download e-book
Oops! Something went wrong while submitting the form.
"

Our partnership with Quartix has been extremely beneficial. Their digital platform is intuitive and provides the flexibility we need to manage our funds efficiently. The BNPL product has empowered us to grow our inventory without worrying about immediate vendor payments. The positive impact on our financial management has been profound

Michael Friedman

CEO, Ammo International

The implementation of Quartix’s BNPL product led to transformative results for Ammo International. With the new funding model, Ammo was now equipped to expedite its growth by building inventory and selling products even before Quartix repayment was due. This innovative financing model directly resulted in a substantial 5% increase in Ammo's sales within a remarkably short time span.

Thank you!
Download e-book
Oops! Something went wrong while submitting the form.
"

Our experience working with the Quartix team has been incredibly positive. They're straightforward and easy to work with, making the entire process of implementing the BNPL program smooth and stress-free

Michael Friedman

CEO, Ammo International

Ammo International's success story highlights the effectiveness of Quartix's BNPL product. The company was able to continue its journey as a leading wholesale Electrical Manufacturer. Their strategic partnership with Quartix and the successful implementation of the BNPL program have not only positioned them for ongoing success but also substantially fueled their growth. The remarkable 5% sales increase stands as a testament to this successful partnership and the potential of Quartix's BNPL product.

Thank you!
Download e-book
Oops! Something went wrong while submitting the form.
"

More posts