Globalive Technology acquires call option to buy control of Flexiti
Globalive Technology has acquired a call option to buy Globalive Capital (GC)'s control position in Flexiti Financial, a Toronto-based point-of-sale financing and payment technology company. The deal is linked to a joint venture between Globalive Technology and Flexiti, announced this week, to build and commercialize software utilizing artificial intelligence and blockchain technology for the consumer loans market. Earlier this month, GC acquired control of Flexiti as a result of a $50 million investment backing the company's buy of TD Financing Services' private label credit card portfolio. GC also controls Globalive Technology.
21 June 2018•4 mins read
