Snap Finance, a provider of rent-to-own financing to customers of e-commerce and brick-and-mortar merchants, has announced partnership with BMO Harris Bank to service more than $1 billion in RTO financing agreements. Snap Finance currently serves more than 10,000 merchant partners and approves up to 80 percent of customers who typically are denied credit through traditional financing methods.
“The financing provided by BMO Harris Bank strengthens our business model and our already-solid financial footing,” says Matt Hawkins, the company’s founder and CEO. “More importantly, this will allow us to help even more businesses grow as we approve more customers for financing.”
Snap Finance’s use of a proprietary artificial intelligence platform, Snap AI Verification Engine (SAVE), to reduce risk was a key factor in determining the partnership. SAVE instantly reviews hundreds of data points allowing Snap Finance to assess consumer performance more accurately and render faster agreements compared to traditional underwriting techniques. 
Mike Tissot
Countryside Rentals Inc., dba Rent-2-Own
Mike grew up in the rent-to-own industry under the guidance of his father, former APRO President and RTO legend Darrell Tissot. For nearly 25 years, Mike’s innovative leadership has helped expand the family business to more than 40 stores across Ohio and Kentucky while also shaping the industry as a whole.
He has served as President of the Ohio Rental Dealers Association, an APRO board member and Treasurer, and President and Treasurer of the TRIB Group. His contributions have earned him the APRO President’s Award of Excellence and the title of APRO Rental Dealer of the Year.
Outside of RTO, Mike enjoys time at the lake house or in Orange Beach, Alabama, with his girlfriend, Angela Strong McCool. A passionate Cincinnati Reds fan, he rarely misses a game, whether watching or listening alongside his parents. He also takes every opportunity to visit Arizona, where his daughter is currently attending Arizona State University.