Smartphone financing company Lease Telecom has joined forces with Vodafone to offer exclusive hardware financing solutions for partners migrating to the network's revenue share commission model.
Through the agreement, partners will be armed with multiple finance options including a facility to spread the cost of smartphone purchases by taking on the finance themselves.
Each lease taken on by the partner will be guaranteed by Vodafone, enabling a
market-low rate of interest and credit lines not accessible through traditional banking routes, claimed the firm.
"The arrangement between Vodafone and Lease Telecom will overcome cash-flow concerns and give partners a plethora of options to make day-to-day handset funding a non-issue," said Simon Fabb, Director at Lease Telecom.
Partners will manage finance requests via an online leasing portal, with options to draw down on Vodafone Guaranteed funding or to quote lease pricing to their customers directly.
Thirty Vodafone Partners have already joined the programme.