Flexiti Financial makes POS lending platform available to online retailers

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Flexiti Financial has expanded its POS lending platform to online transactions.

Canadian retailers can now integrate Flexiti’s financing options into their existing ecommerce engines. The company says that this allows retailers to overcome two key hurdles: speed of implementation and cost.

Flexiti Financial’s platform allows retailers to offer low or no-interest financing, convert big-ticket purchases to monthly or deferred payment plans, and establish a dedicated line of credit by creating a virtual private label card. Customers do not need a credit card to use the platform.

“We have created the most technologically advanced financing platform in Canada to provide merchants better sales financing options to boost their bottom line,” said Peter Kalen, Founder and CEO of Flexiti Financial. “With our platform, our retail partners have seen up to a 380 percent increase in in-store financed sales. As Canadians continue to embrace online shopping, Flexiti Financial is thrilled to offer our solution to help merchants achieve the same sales online.”

Flexiti Financial’s online offering also include ‘Plug & Play’ extensions, free of charge, for e-commerce platforms like Magento 1, Magento 2, WooCommerce, Open Cart, and PrestaShop. This allows retailers to offer a new payment option in just a few days.

“Retailers in Canada are competing on a global scale but lack the advantages our competitors have in other markets, particularly in online payment options. Flexiti Financial has just helped level the playing field, offering us an e-commerce solution we were able to integrate on our site in a few days” said Raj Kapahi, President of Wicker Emporium. “E-commerce is an important sales channel for Wicker Emporium, and we are excited to provide our customers a better shopping experience by offering online financing through Flexiti Financial.”

Flexiti Financial has raised $11.25 million to date.

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor.