Snap Finance UK (Snap), which provides PoS consumer finance solutions to retailers across home and garden, electronics, automotive, jewellery, training and sports, has reported continued growing consumer appetite for retail finance throughout the 2025 festive sale period.
In November and December, credit applications at Snap increased by 25% YoY as more consumers opted to spread the cost of purchases. Applications for 2025’s festive period were also up 70% from those seen in 2023.
Coinciding with the start of the Black Friday sales, Snap also reported that November 2025 saw the highest number of monthly credit applications in three years.
The festive period also resulted saw a 9% YoY increase in the average amount of funding provided to individual customers. The total amount of funding provided was 104% higher than the same period in 2023.
Andy Smith, CEO at Snap, says: “Our latest application and funding data highlights that consumers have a growing appetite for retail finance options as they plan their festive spending. It also demonstrates to partner merchants how providing accessible, inclusive retail finance options to customers can help unlock the full potential of the busiest retail periods.
“Today, many consumers face barriers to accessing finance with mainstream lenders. Yet there’s an opportunity for retailers to say ‘yes’ to consumers wanting to spread the cost of purchases. Snap’s commitment to providing fairer access to credit enables retailers to broaden their customer base and service customers who want to shop with them.
“Our festive data also highlights the importance of accessible lending balanced with responsibility, which is at the core of how we think differently. Underpinning this is our innovative approach to affordability assessment, making use of data and technology to better understand customers’ circumstances and turn declines into approvals for eligible customers.
“Our approach will be increasingly relevant not just for future peak demand times such as the festive period, but year-round.”
Snap provides retail finance solutions for brands including Bensons for Beds, Simba Sleep, Sofa Club, Euronics, Euro Car Parts and Flooring Superstore.
