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Flexshopper, Inc. Announces Purchase Of Revolution Financial Inc. Assets

PRIVATEDec 08, 2022

Acquiring Company

FlexShopper

Acquired Company

Assets

E CommerceGroceryMarketplaceRetail

Description

FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading national online lease-to-own retailer and financing solutions provider, today announced the purchase of certain assets of Revolution Financial Inc. and six affiliated entities. This purchase provides FlexShopper with 22 physical store locations, 78 virtual locations located within Liberty Tax stores and related digital assets in which FlexShopper will make available consumer financing solutions. This purchase is also the initial foray into a nationwide expansion of direct to consumer brick- and- mortar locations.

Quick answer

FlexShopper is acquiring Assets, announced December 8, 2022.

How much did FlexShopper pay for Assets?
The deal value was not disclosed.
What does FlexShopper do?
FlexShopper, Inc. is a financial technology company that provides brand-name electronics, home furnishings, and other durable goods to consumers on a lease-to-own (LTO) basis through its e-commerce marketplace..

Source: Fundz verified event record.

Other recent acquisitions in E Commerce and Grocery

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Company Information

Company

FlexShopper

About

FlexShopper, Inc. is a financial technology company that provides brand-name electronics, home furnishings, and other durable goods to consumers on a lease-to-own (LTO) basis through its e-commerce marketplace (www.FlexShopper.com), as well as its patented systems. FlexShopper also provides LTO technology platforms to retailers and e-retailers to facilitate transactions with consumers that want to acquire their products but do not have sufficient cash or credit. FlexShopper approves consumers utilizing its proprietary consumer screening model, collects from consumers under an LTO contract, and funds the LTO transactions by paying merchants for the goods.

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Frequently asked

Who acquired Assets?

Assets was acquired by FlexShopper. The deal was reported on December 8, 2022. FlexShopper, Inc. FlexShopper is privately held and operates in E Commerce.

When did FlexShopper acquire Assets?

FlexShopper's acquisition of Assets was reported on December 8, 2022. FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading national online lease-to-own retailer and financing solutions provider, today announced the purchase of certain assets of Revolution Financial Inc. and six affiliated entities. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Assets do?

Assets is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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