VC-backed Flexiti Financial raises $6.25 mln in convertible debt
Toronto-based sales financing company Flexiti Financial has raised $6.25 million in a convertible debentures offering. The source of the funding was not disclosed. Flexiti, which offers point-of-sale financing and payment technology to retailers, said the funds raised will support continued growth and development of its platform. Founded in 2013 by CEO Peter Kalen, Flexiti reports its platform is currently used in more than 1,500 merchant locations and by more than 10,000 Canadian customers. The company closed a $5 million Series A financing last November.
1 August 2017•2 mins read
