Flexiti Financial, which provides point-of-sale consumer financing solution for retailers, announced recently that the company has reached $2 billion in lifetime originations.
Flexiti, founded in 2013, reached $1 billion in total loan originations in July 2021.
“Taking seven years to reach our first $1 billion in sales volume and only eleven months to surpass the $2 billion mark is a testament to the need for payment choice when customers make purchases to fit their lifestyle and budget,” said Peter Kalen, CEO of Flexiti.
Flexiti also revealed that it has more than doubled its number of full-time employees to over 450 people.
In 2021, Flexiti ranked on Deloitte’s Canada’s Technology Fast 50, on Deloitte’s North American Technology Fast 500, and on The Globe and Mail’s Canada’s Top Growing Companies. Most recently the company made Communitech’s inaugural Team True North list of rapidly growing Canadian tech companies.
“When I founded Flexiti in 2013, we set out to revolutionize how sales financing is done in the retail environment,” said Kalen.