Shiekh Shoes and Sunbit Introduce an Innovative Generation of Retail Credit Solutions

Shiekh Shoes, a leading player in the footwear and apparel industry, has forged a strategic partnership with Sunbit, a fintech leader, to unveil the Shiekh Credit Card. This co-branded retail credit card, powered by the Sunbit Credit Card platform, aims to elevate the shopping experience and cultivate brand loyalty. Shiekh Ellahi, CEO of Shiekh Shoes, emphasized their dedication to delivering outstanding service and value, stating, “Our collaboration with Sunbit reflects our commitment to providing exceptional service and value to our customers.”

The Shiekh Credit Card boasts key features such as exclusive rewards, including a $10 statement credit on the first Shiekh Shoes purchase, an extension of the existing rewards program, and no late, penalty, or annual fees for cardholders. Additionally, the card offers instant accessibility, allowing users to utilize it immediately upon approval through mobile wallets and the Sunbit app anywhere Visa® is accepted.

Shiekh Shoes selected Sunbit’s credit card platform for its innovative approval technology, enabling a wider range of customers, particularly those with limited credit history, to gain approval. The rapid implementation process, launching the credit card program within months without requiring technology integration from Shiekh Shoes, further solidified the partnership. Sunbit’s comprehensive support covers marketing, employee training programs, call center operations, and incentives.

The Shiekh Credit Card is set to be available in-store and on by March 2024. Early data suggests a notable increase in average order values at Shiekh Shoes stores and positive cardholder balances. Shiekh Ellahi expressed satisfaction with the rollout, citing a 4X lift in average order value and anticipating continued indicators of customer loyalty.

Tal Riesenfeld, Chief Revenue Officer and Co-founder of Sunbit, highlighted the partnership’s mutual benefits, stating, “Our partnership with Shiekh Shoes is another way our financial solutions can create a win/win for retailers and their customers. With the Shiekh Credit Card, Sunbit is once again disrupting the traditional retail card market, offering a unique combination of flexibility, accessibility, and customer benefits.”

The Shiekh Credit Card is not only a financial tool but also a strategic move to increase Shiekh Shoes’ brand presence in customers’ wallets, fostering long-term loyalty. As a subculture influenced by hip-hop, fashion, entertainment, and sports, the Shiekh Credit Card aligns with the preferences of the young and tech-savvy audience, positioning itself as the first credit card for many, building the foundation for lasting customer relationships.

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