Flexiti Financial Inc.

Flexiti Financial Inc. provides innovative financing solutions, enabling consumers to make purchases with flexible payment options through the FlexitiCard®, enhancing accessibility for retail customers across Canada. Flexiti Financial Inc. offers flexible financing solutions to consumers, primarily through its flagship product, the FlexitiCard®.

Established in 2013 in Orangeville, Canada, the company has completed 4 deals, with the most recent transaction occurring on February 1, 2021. Flexiti was acquired by Curo Group Holdings Corporation for approximately USD 122. 00 mn, which included cash of USD 86. 00 mn and contingent consideration of up to USD 36.

00 mn. This acquisition is intended to enhance Curo Group Holdings Corporation's capabilities in the Canadian POS and credit card sectors. Flexiti Financial Inc. specializes in providing flexible financing solutions through its flagship product, the FlexitiCard®.

This financial tool allows consumers to split their purchases into affordable equal monthly payments or defer payments while enjoying 0% interest, provided that required payments are made on time. The FlexitiNetwork™, which boasts over 8,000 retail locations where the FlexitiCard can be used for both in-store and online shopping, significantly enhances the accessibility of financing options for consumers. Targeting customers across Canada, Flexiti aims to serve a diverse clientele that includes individual consumers and partnered retailers, addressing the need for accessible payment solutions that ease the financial burden of larger purchases. The company promotes a paperless, omni-channel experience, allowing customers to apply for financing seamlessly, whether shopping online or physically at retail locations.

Flexiti’s revenue model is driven by transactions facilitated through its FlexitiCard® and associated financing plans. The company engages primarily in B2C transactions, allowing consumers to utilize their card for purchases and benefit from flexible payment terms. Retail partners benefit from this arrangement by offering customers a financing option that can enhance sales, thereby creating a mutually beneficial relationship. While specific pricing plans for transactions are not disclosed, it is understood that the structure typically involves retailers partnering with Flexiti to provide financing at the point of sale.

This creates an avenue for retailers to attract more customers by offering flexible payment solutions, leading to increased sales volume and improved customer satisfaction. The acquisition of Flexiti Financial Inc. by Curo Group Holdings Corporation is expected to allow the company to leverage new resources for growth. While specific product launches and new markets have not been disclosed, the company anticipates utilizing the funding from this acquisition, completed on February 1, 2021, to enhance its offerings and expand its market presence in Canada.