Manchester’s online buy now, pay later millennial finance firm, Payl8r, has partnered with PureGym to provide finance to students undertaking the Career Diploma Package at its PureGym Personal Training Academy, which provides people with the essential skills and qualifications to become a personal trainer.
Payl8r has been added to the academy’s roster of credit providers, as the exclusive buy now pay later option, due to its longer loan periods and its fair and ethical work with millennials, the target audience of the PureGym Personal Training Academy.
Laura Fortune from PureGym said: “Having done our due diligence with Payl8r, it was clear it could benefit the academy students in several ways. People can take out an 18-month loan term and because Payl8r knows our target audience, and the challenges they face when it comes to finance, the team will offer brilliant customer service.”
The academy uses other, more traditional, finance options but was looking for a new and smarter way of providing finance for the younger generation who want to embark on its training courses; those who other lenders might turn away because they have not had a chance to build their credit rating.
Laura Fortune added: “Millennials are one our target audiences, so it made sense to work with a finance company that had an in-depth knowledge of this market within the UK, many of whom do not have the funds to pay for training up front. It will help our business grow as it gives young people, who may not have a great credit score, the chance to sign up to our 12-week online learning course that can lead them to gain qualifications and build a career. Without the funding from Payl8r, they could miss out on this brilliant opportunity.”
Samantha Fogerty, Managing Director at Payl8r, said: “Lending on training courses is one of our key pillars of business and it’s fantastic that we’re able to help young people either train for the first time or retrain, particularly through the pandemic when so many people have lost their jobs.
“PureGym Personal Training Academy is growing quickly and we hope to play an instrumental role in its continued success by lending to those ambitious millennials who want to build a career in health and fitness with a nationally recognised qualification. We know the challenges millennials have faced over the last 18 months and to be able to help them train and find work, with the help of our funding, is something we’re very proud to be part of.”
PureGym has 290 gyms throughout the UK and its PureGym Personal Training Academy offers a 12-week online course from experienced tutors, which can lead to a guaranteed role in one of its gyms, subject to a successful interview.