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Toronto based point-of-sale financing and payments technology company Flexiti Financial has raised $6.25m in debt financing from undisclosed investors. Using Flexiti Financial’s award-winning mobile application process, customers can apply for financing and receive approval within minutes – no paperwork, no scanning and mailing, plus retailers get paid within two business days.
“Retailers across Canada are looking for unique solutions to increase sales and maintain customer loyalty in a highly competitive and shifting market,” says Peter Kalen, Founder and CEO, Flexiti Financial. “Flexiti Financial’s POS lending platform has become an important tool in their sales arsenal, and this investment will help us better serve our retail partners while managing our growth across Canada.” Flexiti Financial’s award-winning POS financing platform provides instant financing on any device, anywhere, and instant credit approval in three minutes. Flexiti Financial’s unique technology, advanced algorithm and customer service allow retailers to offer customized payment plans at interest rates significantly below current credit options on the market, and confidently approve more people than a typical financial institution.
