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Fast-Growing Canadian Fintech Brand Doubles Lending Volume in Less Than a Year
TORONTO–(BUSINESS WIRE)–Flexiti Financial Inc. (“Flexiti”), a leading point-of-sale consumer financing solution for retailers, is pleased to announce that the company has reached $2 billion dollars in creations for life. The milestone was reached after the company reached $1 billion in total loans in July 2021.
Flexiti’s award-winning platform provides customers and merchants with a fast, easy-to-use point-of-sale service by instantly approving in-store and online shoppers for 0% interest financing1 on purchases within their credit (and without having to reapply) .
In addition to this rapid growth in sales volume, Flexiti has more than doubled its number of full-time employees to more than 450 people in all functions.
Flexiti’s rapid growth has resulted in the company being listed as one of Canada’s fastest growing companies since 2019.
“When I founded Flexiti in 2013, we set out to revolutionize the way sales financing is done in the retail environment,” said Peter Kalen, Founder and CEO of Flexiti. “The fact that it took seven years to reach our first $1 billion in sales volume and only eleven months to break the $2 billion mark is a testament to the need for payment choice when customers make purchases. tailored to their lifestyle and budget,” he added.
“Flexiti really owes this significant growth to our Flexiteers,” said Kalen. “I want to thank them for their dedication and unwavering vision in creating customer- and retailer-centric solutions that consistently position the company for strong financial growth.”
1 OAC Terms and Conditions apply.
Flexiti offers flexible financing to help customers make major purchases. Available at a network of over 8,000 leading retail outlets and e-commerce sites, including The Brick, Wayfair.ca, Sleep Country, Staples and Birks, Flexiti’s award-winning sales finance platform offers customers and merchants with a transparent point-of-sale service. Flexiti users can be instantly approved in-store and online to receive 0% interest financing on purchases within their credit limit without having to reapply. Helping Canadians secure over $2 billion in flexible financing, Flexiti is Canada’s fastest growing sales financing provider. In 2021, Flexiti ranked 10th on Deloitte Canada’s Technology Fast 50™, 54th on Deloitte’s North American Technology Fast 500™, and 13th on The Globe and Mail’s Canada’s Top Growing Companies. Flexiti is a wholly owned subsidiary of CURO Group Holdings Corp. (NYSE: CURO). For more information on Flexiti’s service offering and the growth of Flexiti Network™, visit www.flexiti.com.
Source: CURO Group Holdings Corp.; Flexiti
Source: CURO Group Holdings Corp. and Flexiti