Flexiti raises $25M in new credit facility

Flexiti Financial, a Canadian fintech company offering point-of-sale consumer financing, has entered into an agreement with Liquid Capital Corp., a company specializing in providing working capital, asset based lending and trade finance solutions. Under the agreement, Liquid Capital will provide the senior debt for a new credit facility, initially in an amount of up to $25M, for consumer receivables generated by Flexiti Financial.

Quick Facts.

  • The facility will be used to finance the warehousing of receivables originated by Flexiti pending their securitization.
  • Launched in 2014, Flexiti Financial provides retailers, home improvement contractors and healthcare practitioners the ability to offer their customers the option to pay for big-ticket purchases of goods or services either in equal payments or at a later date, making those purchases more affordable to the consumer.
  • Since 1999, Liquid Capital Corporation has been operating in the factoring and trade finance business. Over that period of time, the company has processed well over $2B in accounts receivables and trade finance transactions through both its Canadian headquarters in Toronto and US headquarters in Dallas.

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