Ikano implements Pancredit's lending software in IKEA stores

Tue 19th June 2012

Ikano, the UK leading retail credit specialist based in Nottingham, has gone live with an implementation of Pancredit’s market leading lending software in the majority of IKEA stores throughout the UK.  The solution is delivered over the Internet to the stores where customers can apply for loans and receive an instant decision.  Over the next 6 months Ikano will be rolling out this service to their other retailer partners

Andy Allan, Operations Director at Ikano said, “The project has been delivered successfully within tight timescales and we’re very pleased with the results so far. The platform gives us the opportunity to offer our partners new products and channels which will give them the ability to drive sales and improve their customers’ buying experience. The project teams have worked well together and we expect to enjoy a long term working relationship with Pancredit.”

Peter Constance, Managing Director at Pancredit said, “We’re delighted that Ikano chose Pancredit to be its partner for what is a very high profile project within the group. This implementation in retail finance emphasises the flexibility of our software and adds retail to our deployments in other sectors such as personal loans, secured loans, motor finance and student loans.”

About Ikano
Ikano is an international company which was originally part of the home furnishing company IKEA, founded by Ingvar Kamprad.  Ikano Group now runs operations in the areas of asset management, finance, insurance,real estate and retail. In the UK Ikano delivers credit, loyalty and marketing strategy programmes to several large retail partners including IKEA, Harveys, Bensons, DFS, New Look, Jaeger, Karen Millen and Vision Express. For more information visit