flexiti Financial

lending

FOUNDING YEAR: 2013
LOCATION: Canada
Last Update: 05/04/2021

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About

Flexiti is a Canadian sales financing company founded in 2013. Our mission is to become the leading provider of point-of-sale financing and payment solutions for businesses across Canada. Our vision is to help our partners in the retail, health and home improvement sectors offer flexible sales financing solutions and enable them to sell more, develop and grow, while helping consumers enjoy the things they need and want sooner.With a focus on outstanding customer service and led by an experienced team with extensive knowledge in the retail credit space, Flexiti leverages mobile technology to deliver the fastest application process available today and generate the highest credit approvals with its flexible and responsible credit policy. Flexiti has leveraged the technology and operational excellence of some of the worlds largest companies in the field of consumer financing to build a robust, scalable and easy-to-use sales financing solution, suited to multiple industry sectors. Through hard work, innovation and a relentless pursuit of excellence, we have built the simplest and easiest paperless mobile credit approval in sales financing.

MEDICI Analysis

Flexiti Financial provides a POS financing platform which enables instant financing on any device, anywhere, and instant credit approval in a few minutes. Its technology, algorithm and customer service allow retailers to offer customized payment plans at interest rates below current credit options on the market.

Focus

PRODUCTS & SERVICES

Provider of point-of-sale (POS) financing and payment technology for retailers

COMMENT

The solution is currently adopted in over 1,500 merchant locations and used by over 10,000 customers across Canada.

company provided insights

Traction

COMPANY TYPE:

For Profit

TRACTION COMMENT:

The company has more than $400 million in lending capacity and with the new debt facility,

People

FOUNDERS

Peter Kalen

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Cayman

Credit Suisse

Globalive Capital

Liquid Capital Group

Pyfera Growth Capital

KEY EMPLOYEES:

Peter Kalen (CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$11.25 M

DATE OF LAST FUNDING

Sep 2018

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company will use the funds to enhance it's offering of a rapidly expanding client base. (Sep. 2018)

ESTIMETED REVENUE RANGE

$10M to $50M

FUNDING SERIES

SERIES A  · $5 M  · Nov 2016

SERIES B  · $6.25 M  · Aug 2017

DEBT FUNDING

$80 M

LISTED

NO

company provided insights
Acquisitions

M&A

ACQUIRED BY

CURO Financial Technologies

ANNOUNCED DATE

Feb 2021

PRICE

$121 M

company provided insights

Acquisitions

ACQUIREE NAME

TD Financing Services

ANNOUNCED DATE

Jun 2018

PRICE

$250 M

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

108,759

AVERAGE VISITS (6 MONTHS)

103,813.97

MONTHLY VISITS GROWTH

-7.6%

VISIT DURATION

318

VISIT DURATION GROWTH

39.3%

PAGE VIEWS VISIT

3.91

PAGE VIEWS VISIT GROWTH

-9%

BOUNCE RATE

35.06%

BOUNCE RATE GROWTH

0.04%

GLOBAL TRAFFIC RANK

248,014

MONTHLY RANK CHANGE

-20,674

MONTHLY RANK GROWTH

-7.69%

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