Flexiti Financial Raises $5M in Funding

▤ Summary

Flexiti Financial, a Toronto, ON, Canada-based provider of point-of-sale (POS) financing and payment technology for retailers, raised $5M in funding.Globalive Capital made a follow-on investment.The company intends to use the funds to continue developing the technology behind its POS lending platform.Founded in 2013 by Peter Kalen, CEO, Flexiti Financial provides a credit technology and service platform platform which allows businesses to instantly offer their customers low or no-interest financing, convert large purchases into monthly or deferred payment plans and establish a dedicated line of credit by creating a virtual private label card.It is currently used by over 5000 customers in over 1000 locations across Canada.

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