Retailer POS financing and payment technology provider Flexiti Financial has closed a $5 million convertible debentures offering. The event was oversubscribed by $1.25 million. The funds are earmarked for growth and technology development.
“Retailers across Canada are looking for unique solutions to increase sales and maintain customer loyalty in a highly competitive and shifting market,” CEO Peter Kalen said. “Flexiti Financial’s POS lending platform has become an important tool in their sales arsenal, and this investment will help us better serve our retail partners while managing our growth across Canada.”