Globalive Capital invests in Flexiti Financial's $5 mln Series A
Canadian sales financing company Flexiti Financial has raised $5 million in a Series A financing. The round included an investment by existing backer Globalive Capital, which launched a $100 million venture capital fund earlier this year. Founded in 2013 by CEO Peter Kalen, Toronto's Flexiti specializes in point-of-sale financing and payment technology for retailers. The company reports that its lending platform is currently used in more than 1,000 merchant locations in Canada. Flexiti plans to use the funds raised to accelerate growth and further invest in its technology.
2 November 2016•3 mins read
