Announced in a corporate release, Flexiti said that it has become the exclusive Fintech lender with the LFL Group (TSX: LNF) including Leon’s and The Brick, Canada’s largest Home Furnishings Retailer.
Since 2018, the FlexitiCard has been accepted at The Brick stores while LFL customers and all Flexiti cardholders have been able to apply and buy online at thebrick.com and leons.ca since 2019. This new 10-year agreement broadens Flexiti’s relationship with LFL becoming the exclusive provider of point-of-sale financing for LFL’s customers, in-store and online at all LFL retail banners. All LFL retailers will begin issuing FlexitiCards at more than 300 stores across Canada.
The Flexiti service offers qualified customers a revolving credit line and flexible payment plans with 0% interest financing options.
The new agreement is said to represent over $800 million in annual customer sales financed by Flexiti.
Edward Leon, CEO at LFL Group, said they are pleased to bring a “best-in-class, omnichannel financing experience to our customers.