POS costs belvedere Flexiti Financial has acquired TD Costs Services’ (TDFS) Canadian clandestine characterization acclaim agenda portfolio, which is admired at about $250 million.
Flexiti’s transaction is financed by $350 actor in acclaim accessories led by Acclaim Suisse AG, Cayman Islands Branch, and a syndicate of balustrade lenders. Globalive Capital, a founding broker in Flexiti, additionally led an disinterestedness annular of over $50 million, giving them a authoritative position in Flexiti.
The accretion adds added than one actor new acclaim agenda customers—and 900 new merchant locations.
The accretion adds added than one actor new acclaim agenda customers—and 900 new merchant locations currently alms TDFS acclaim agenda costs at their locations—to Flexiti’s applicant base.
“Since our inception, Flexiti has accomplished amazing advance by afterward one simple mantra: our retailers are our partners, and we put them at the amount of aggregate we do,” said Peter Kalen, architect and CEO of Flexiti. “This accretion of TDFS’ clandestine characterization acclaim agenda portfolio represents an important anniversary for our company, and the chump lending amplitude in Canada, as it instantly positions us as one of the better chump lenders in the country with a cardholder abject of over 1 actor Canadians. We’re captivated to acceptable our new retail ally to the Flexiti arrangement and attending advanced to alive carefully with them to drive sales and chump adherence through our industry-leading point-of-sale costs platform.”
Founded in 2013, Flexiti launched to accommodate big-ticket retailers with POS financing. The belvedere establishes a committed band of acclaim by creating a basic clandestine characterization agenda for barter with low or no-interest financing.
The aggregation aloft a $5 actor Series A in November 2016 with follow-on allotment from Globalive Capital, and aftermost aloft $6.25 actor in November 2017.
“Businesses are attractive for another costs options tailored to their customers’ lifestyles or needs, and Flexiti is abnormally positioned to capitalize on this growing bazaar trend,” said Anthony Lacavera, architect and administrator of Globalive Capital. “This advance aligns with Globalive Capital’s amount assumption of award companies and entrepreneurs that are breaking bottomward barriers and arduous the cachet quo by accouterment them with the assets they charge to advance growth.”
Lacavera’s Globalive Technology has additionally entered into a collective adventure with Flexiti to body blockchain and bogus intelligence technology to be chip with Flexiti’s operations.
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