egolinews.com

ThinkSmart Limited (TSM) has signed a wholesale funding agreement with Secure Trust Bank in the UK. The international computer and office equipment financing company said the three-and-a-half year agreement positioned Secure Smart as ThinkSmart’s primary business-to-business funder to their UK operations.

ThinkSmart has exclusivity on business-to-business rental finance with PC World until 2013.

ThinkSmart executive chairman and CEO, Ned Montarello, said the agreement comes at a time when the company sees significant opportunities in the UK market. 

“We are excited by the broader opportunities that this new partnership will offer us to capture market.” Mr Montarello said.

The company said PC World is owned by DSG International, the UK’s largest consumer electronics retailer.

“We are confident of growing our product offering to small-and-medium-sized businesses in the UK as well as launching our product to the consumer segment of the market,” Mr Montarello said.

“Our agreement with Secure Trust Bank to fund Business-to-Business contracts will help facilitate our growth plans.”

Mr Montarello said the agreement reflects ThinkSmart’s focus of expanding the company’s market share during 2010 through existing retail relationships and growing funding relationships.

At the close of trade Thursday, ThinkSmart shares were trading at 93c.

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