flexiti Financial
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:
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
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
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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