# Koalafi

> Koalafi provides point-of-sale lease-to-own financing for U.S. shoppers underserved by conventional credit. Its merchant integrations, alternative-data underwriting and customer app connect essential purchases with scheduled payments and credit reporting. The convenience comes with lease costs above the cash price; early purchase terms matter.

- **Founded:** 2014
- **Headquarters:** Richmond, United States
- **Founders:** Rob Finnegan (Co-founder; former CEO), Boomer Muth (Co-founder; Board Chair), Scott Barton (Co-founder)
- **Products:** Lease-to-own, Merchant platform and integrations, Virtual lease card, ClearFit, Enhanced customer app
- **Notable:** National expansion of its single-application financing platform accompanied the 2021 rebrand., Announced a Synchrony Business Center integration in January 2026., Reported Furniture Today reader award wins in 2024, with a clarification that the company does not provide banking or factoring services.

## Products & services

- **Lease-to-own** — Koalafi buys eligible merchandise and leases it to the shopper, with scheduled payments and early purchase options.
- **Merchant platform and integrations** — In-store tools, ecommerce connections, APIs, training and marketing support.
- **Virtual lease card** — A single-use digital card for participating retailers, tied to a signed lease.
- **ClearFit** — Proprietary underwriting using credit, cash-flow, identity, device, fraud and behavioral signals; described publicly in July 2026.
- **Enhanced customer app** — Lease management, purchase options and merchant discovery in an app marketplace.
- **Lending solutions** — Koalafi also services loans issued by The Bank of Missouri; availability and terms depend on the offering.

## Achievements

- National expansion of its single-application financing platform accompanied the 2021 rebrand.
- Announced a Synchrony Business Center integration in January 2026.
- Reported Furniture Today reader award wins in 2024, with a clarification that the company does not provide banking or factoring services.

## Latest updates

- **2026-01** — Announced Synchrony Business Center integration on January 22.
- **2026-03** — Appointed Patrick Moore CEO on March 11; Boomer Muth continued as Board Chair.
- **2026-05** — Michigan announced a $3.25 million settlement concerning auto-repair lease-to-own agreements; it includes restitution and administrative costs.
- **2026-07** — Published details of ClearFit on July 17, including company-reported average decisions under eight seconds.
- **2026-09** — Announced enhanced app payment management and merchant discovery on September 9.

## Links

- Website: https://koalafi.com/
- LinkedIn: https://www.linkedin.com/company/koalafi/
- Twitter/X: https://twitter.com/KoalaFi_
- Facebook: https://www.facebook.com/WestCreekFinancial/

---

Profile page: https://yespress.io/koalafi
Published by YesPress — https://yespress.io
Last updated: 2026-10-25