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Flexiti Announces New C$527 Million Term Securitization Facility, Bringing Funding Capacity To Over C$1 Billion

Flexiti Announces New C$527 Million Term Securitization Facility, Bringing Funding Capacity To Over C$1 Billion

12/10/21, 1:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgtoronto
Money raised
$527 million
Flexiti Financial Inc. (“Flexiti”), one of Canada’s leading “Buy Now, Pay Later” (“BNPL”) financial solutions providers, has today announced that it has signed a new C$527 million securitization facility led by National Bank with financing also provided by an affiliate of Bank of Montreal and funds managed by Waterfall Asset Management. Combined with its pre-existing C$500 million revolving warehouse credit facility, Flexiti now has access to over C$1 billion in capital to fund its rapidly growing consumer receivables portfolio and help meet the increasing demand for BNPL loans from Canadian consumers.

Company Info

Company
Flexiti
Location
toronto, ontario, canada
Additional Info
CURO). For more information, visit www.flexiti.com.
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https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgtoronto
$383.9 M-18.1%