Koalafi

Koalafi is best known for its “ClearFit” platform, that supports instant financing decisions at checkout. This underwriting tool returns an answer quickly looking past the credit score to build a fuller picture of every applicant. This way, an applicant learns their approval amount before leaving the counter or the cart. In this regard, merchants selling to non-prime shoppers get approvals that traditional lenders would refuse. 

How Much Does Koalafi Cost? 

Koalafi pricing typically falls somewhere between $50 to $150/month. This range is intended for general budgeting purposes, as the actual price may vary based on tailored needs of a business. 

In addition to the base subscription costs, organizations should typically account for the following approximate additional expenses: 

• Custom Integration Work: Around $500–$3,000 one-time, based on how far the checkout setup goes beyond the standard cart plugins 
• In-Store Application Devices: About $150–$600/device, depending on how many counters or store locations take applications 
• Checkout Page Updates: Typicallym $300–$1,200 one-time, covering developer time to add financing messaging to product and cart pages 
• Staff Training: Roughly $200–$800 one-time, scaling with the number of sales associates who present financing offers to shoppers 
• Promotional Signage And Displays: Approximately $100–$500/campaign, depending on the mix of in-store signage and website placements

Disclaimer: Pricing references are based on publicly available third-party information and industry benchmarks. Actual costs may vary. 

Koalafi Integrations 

Koalafi connects with the online store platforms and retail systems that merchants already run, such as: 

• Shopify software
• WooCommerce 
• STORIS 
• ChargeAfter 
• Versatile

How Does Koalafi Work? 

Follow the steps below to see how the platform works from setup through to funding:

• Log in to the merchant portal to reach your account and manage financing requests 
• Set up an integration using an online store plugin, a point-of-sale connection, or a custom build 
• Test the setup in the sandbox environment before offering financing to shoppers 
• Create an order to open the request and record what the shopper wants to buy 
• Submit the application once the shopper provides the details needed for a credit decision 
• Review the approval amount the shopper receives and apply it to the purchase 
• Complete checkout with Koalafi selected as the payment method, after the shopper reviews the terms and signs the contract 
• Mark the order as delivered to fund the lease and start the shopper's payments

Who Is Koalafi For? 

Koalafi serves retailers that sell essential home and vehicle purchases, such as: 

• Furniture 
• Appliances 
• Mattress and bedding 
• Consumer electronics 
• Auto maintenance and repair

Koalafi Use Cases 

Based on our analysis of Koalafi features, we have identified key scenarios where this software is a good fit:

Retail Stores Selling To Customers Without Established Credit 

Koalafi suits stores whose customers cannot pay the full amount at once and do not qualify for regular credit. Its lease-to-own plans require no credit history, and the application asks for only a few pieces of basic personal information. The decision arrives in seconds, and the customer reviews the terms privately on their own device before signing. The full cost is visible before the contract is agreed, and the scheduled payments carry no hidden fees.

Online Retailers Adding Financing To An Existing Storefront 

Stores that are based on a shopping platform can add Koalafi without any development work. The merchant installs and configures the plugin for Magento, WooCommerce, or Shopify without writing code. The plugin opens the Koalafi window at checkout, and that window covers each step of the financing process. Plus, it updates the window itself, so the store always uses the current version.

Store Staff Arranging Financing During A Sale 

Sales staff who set up financing in person use the Koalafi web portal, which opens on any device, including point-of-sale systems. Staff search for the shopper first to check whether an application is already in progress, rather than starting a new one. The customer completes a mobile-friendly application, and the vendor provides online or in-person training for the team. The business is paid once the customer receives the product or service.

Development Teams Building Their Own Financing Screens

The platform helps retailers who want full control over the financing experience through its direct application programming interface (API). It supplies a step-by-step guide, and the team creates every screen a customer needs to apply, review, and sign the financing agreement. This way, teams can also handle occasional updates, since the interface changes as the application process improves. The financing screens then use the retailer's own design with this workflow. 

Is Koalafi Right For You? 

Koalafi is an ideal choice for merchants of all sizes, so a single storefront and a large retail chain can run the financing program with the same capabilities. A new partner can start financing customers immediately after signing up. Koalafi provides free training sessions and online resources, so staff learn the process without waiting on a long rollout. Each partner also receives login details for a merchant portal that tracks the status of every customer application, which lets the team see where each shopper stands. 

For such and other notable qualities, key names like Home Zone Furniture and Sofa City USA both offer Koalafi financing in their stores. The company holds an A+ rating from the Better Business Bureau (BBB). 

Still weighing whether Koalafi software is right for your business? Reach us at (661) 384-7070, and we will help you make an informed decision.