Fintech startup Flexiti raises initial $25 mln in new credit facility
Canadian fintech startup Flexiti Financial Inc has agreed to establish a new credit facility with Liquid Capital Corp. The deal will give the company access to an initial $25 million in senior debt. Founded in 2013, Toronto-based Flexiti is a provider of point-of-sale consumer financing in Canada. It said the new capital, along with its receivables warehousing facility, will help the company grow across market segments, and expand into other products and services. Flexiti also said it is planning for an equity financing round in the near future. Liquid Capital is a provider of working capital, asset-based lending and trade finance solutions.
17 March 2016•5 mins read
