Venus Concept Has Launched Venus Prime, A Structured In-house Financing Program Replacing Its Legacy Subscription Program For New Customers In North America
Portfolio Pulse from Benzinga Newsdesk
Venus Concept has introduced Venus Prime, a new in-house financing program for North American customers, offering competitive rates and payment flexibility for purchasing aesthetic medical devices. The program also includes a technology upgrade option in the second and third years of ownership. It targets customers with good credit and business practices who may not qualify for traditional third-party financing due to current stringent lending conditions.
January 17, 2024 | 12:33 pm
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Venus Concept's launch of Venus Prime could potentially increase sales by making it easier for customers to finance purchases of the company's aesthetic medical devices, despite tighter lending practices.
The introduction of Venus Prime is directly related to Venus Concept's strategy to facilitate sales and customer acquisition. By providing competitive financing rates and a technology upgrade program, Venus Concept is likely to attract new customers and retain existing ones, potentially leading to increased sales and revenue in the short term. The program's focus on customers with reputable credit and business practices who are currently underserved by traditional lenders could tap into a new customer segment.
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