-- Cin7 inventory management software is now integrated with Afterpay, a 
     popular "buy now, pay later" service in Australia that has recently 
     expanded to the US.

Cin7, the world's leading cloud-based inventory management software, is now 
Afterpay accredited for point of sale transactions in Australia and New 
Zealand. Afterpay is a financial technology service that allows retailers to be 
paid up front while their customers benefit from a no-interest instalment plan. 

Cin7 is a complete inventory management solution with a built-in point of sale 
system that integrates with Afterpay. In addition to taking transactions, 
retailers who use Cin7 can manage gift cards and promotions, view available 
stock across all locations, including warehouses, and route orders from the 
register. Cin7 also integrates all sales channels, allowing for omnichannel 
options like click and collect.

In-store purchases made using Afterpay are divided into four equal fortnightly 
payments, with the first payment due at the time of purchase. There are no 
additional fees to the customer who pays on time and no fraud or credit risk to 
the retailer. This "evolved lay-by" encourages people to shop more often while 
avoiding debt. Afterpay, promoted as an alternative to credit products, has 
been particularly successful among millennials, many of whom are savvy with 
their spending and averse to credit cards.

"Cin7 is proud to partner with Afterpay, one of Australasia's most successful 
consumer-facing tech companies," says Cin7 Founder and Chief Architect Danny 
Ing. "Rather than taking eight to 10 weeks for integration with an uncertified 
POS system, retailers who use Cin7 can have Afterpay up and running in about 
three weeks."

Afterpay now handles more than 10 per cent of Australia's online retail, with 
more than 2.6 million active customers and more than 23,400 merchants across 
Australia and New Zealand. New Zealand was Afterpay's first international 
expansion in 2017, launching with Trade Me, and went live in the US in May 2018 
with Urban Outfitters. During its first six months, Afterpay signed up more 
than 1,400 US retailers and now has 3.5 million active users and over 25,000 
merchants globally.

Afterpay Touch Group Limited is currently Level 1 PCI DSS (Payment Card 
Industry Data Security Standard) accredited, the highest level awarded, doing 
more than 6 million Visa or Mastercard transactions per year. PCI DSS standards 
exist to prevent card fraud, so Level 1 accreditation also means that Afterpay 
must adhere to stringent requirements regarding what sensitive card information 
may be stored, processed or transacted through Afterpay Touch's systems. 

On 18 January 2019, Afterpay's shares surged almost 10 percent after an 
Australian Securities Exchange announcement that its US platform had processed 
$260 million in sales in the six months to December.

About Cin7 
Cin7 is an all-in-one, cloud-based solution that provides real-time visibility, 
customizability and reporting for efficient inventory management across the 
supply chain. Cin7 includes built-in production, warehouse, POS and B2B 
eCommerce functionality along with a growing list of third-party integrations 
currently numbering more than 450. Optimized for growing multichannel companies 
seeking robust inventory management at a fraction of the cost of a full ERP, 
Cin7's "Connected Inventory" bridges the gap between suppliers and sales 
channels to deliver end-to-end supply chain control. Headquartered in Auckland, 
New Zealand, Cin7 also has offices in the United States and the United Kingdom. 
To learn more, visit www.cin7.com.

Source - Cin7

CONTACT: Cin7, Shreya Patil, Head of Marketing, pr@cin7.com