Canadian “Buy Now, Pay Later” Company Flexiti Continues its Growth as One of North America’s Fastest Growing Companies

Rhea-AI Summary

Flexiti Financial Inc. ranks 10th on Deloitte’s 2021 Canada’s Technology Fast 50 and 54th on the North American Technology Fast 500, reflecting a 3,143% revenue growth from 2017 to 2020. This is Flexiti's third consecutive year on both lists, highlighting significant growth in the buy now, pay later (BNPL) sector. Flexiti operates in over 7,000 Canadian retail locations, offering 0% interest financing at the point of sale. Deloitte’s awards recognize companies demonstrating exceptional growth and innovation in technology.

Positive

• Ranked 10th on Canada's Technology Fast 50 and 54th on North America's Fast 500.
• Achieved a revenue growth of 3,143% from 2017 to 2020.
• Expanded Flexiti Network to over 7,000 retail locations.
• Strengthened position in the fast-growing BNPL market.

Negative

• None.

Flexiti ranks 54th on Deloitte’s 2021 North American Technology Fast 500™ and 10th on Canada’s Technology Fast 50™

TORONTO--(BUSINESS WIRE)-- Flexiti Financial Inc. (“Flexiti”) has once again ranked on Deloitte’s Technology Fast 50™ and North American Technology Fast 500™ program awards for its impressive revenue growth and bold investment in Canadian research and development. Flexiti is a leading Canadian provider of “buy now, pay later” (BNPL) financing solutions for retailers, offering customers 0% interest financing¹ at the point of sale.

Deloitte’s program recognizes Canada’s top 50 and North America’s top 500 fastest-growing technology companies with the highest revenue-growth percentage over the previous four years. Flexiti ranks 10th on the 2021 Canada’s Technology Fast 50 list and 54th on the North American Technology Fast 500, citing revenue growth of 3,143% from 2017 to 2020. This is the third year Flexiti has been included on both lists, ranking 6^th in Canada and 38^th in North America in 2020, and 7^th in Canada and 40^th in North America in 2019.

“It is an honour to be recognized once again by Deloitte for being one of the fastest growing companies in Canada and in North America for the third year in a row,” said Peter Kalen, Founder and CEO of Flexiti. “This past year we have taken great strides to grow our Flexiti Network™, now partnering with over 7,000 top-tier Canadian retail locations and ecommerce sites. With more Canadians looking for financing solutions for important purchases, we are proud to be one of Canada’s leading BNPL financing solution and we look forward to providing even more Canadians with innovative payment options in the near future.”

The Deloitte Technology Fast 50 program winners consist of public and private companies in the technology sector, which have transformed the industry. Now in its 24th year, the program runs alongside the broader Deloitte North American Technology Fast 500™, with winners automatically eligible for this elite ranking.

“As we rise above another year of uncertainty, we are exceptionally proud to announce this year’s Fast 50 winners,” stated Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “These innovative trailblazers have demonstrated resilience, true commitment to innovation, adaptability, and business leadership as we cope with an ever-changing new normal. The Fast 50 companies act as catalysts, driving growth of Canadian business.”

To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.

¹ O.A.C. Terms and conditions apply.

About the Deloitte Technology Fast 50™ program

The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying technology companies in the United States and Canada. The 2021 program sponsors include Deloitte, RBC, EDC, Miller Thomson, Clarity Recruitment, and Lafond. For further information, visit www.fast50.ca.

About the 2021 Deloitte Technology Fast 500™ program

Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Flexiti

Flexiti is one of Canada's fastest-growing point-of-sale lenders, offering customers 0% interest financing at retailers that sell big-ticket goods like furniture, appliances, jewellery and electronics. Through its award-winning BNPL platform, customers can be approved instantly to shop with their FlexitiCard®, which they can use online or in-store to make multiple purchases, within their credit limit, without needing to reapply. Accepted at over 7,000 locations and ecommerce sites across Canada including The Brick, Leon's, Staples, Sleep Country, Wayfair, Birks and Peoples Jewellers, Flexiti is The Flexible Way to Pay™ aiming to bring flexible payment solutions to all.

For more information, visit www.flexiti.com.

(CURO-NWS)
Source: CURO Group Holdings Corp.; Flexiti

View source version on businesswire.com: https://www.businesswire.com/news/home/20211117005834/en/

MEDIA:

Sydney Stonier

media@flexiti.com

416-797-4651

Source: CURO Group Holdings Corp. and Flexiti

FAQ

What is Flexiti's revenue growth percentage from 2017 to 2020?

Flexiti achieved a revenue growth of 3,143% from 2017 to 2020.

How many retail locations does Flexiti partner with?

Flexiti partners with over 7,000 retail locations across Canada.

What ranking did Flexiti achieve in the 2021 Technology Fast 50?

Flexiti ranked 10th on the 2021 Canada’s Technology Fast 50.

What is the significance of Deloitte’s Technology Fast 500 ranking?

The Deloitte Technology Fast 500 ranks the fastest-growing technology companies in North America based on revenue growth.