FlexShopper, Inc. Announces Exclusive Relationship with Liberty Tax

Rhea-AI Summary

FlexShopper, Inc. (Nasdaq: FPAY) has announced a long-term marketing partnership with Liberty Tax, allowing the company to offer consumer loans at Liberty Tax's 2,700 locations and through its digital platforms. This collaboration aims to enhance FlexShopper's omni-channel financing solutions by providing lease-to-own products and other financing alternatives in these outlets. CEO Richard House emphasized the potential for rapid growth through this strategic alliance, which will be discussed in more detail during the upcoming third-quarter conference call.

Positive

• Long-term marketing partnership with Liberty Tax expands FlexShopper's customer reach to 2,700 locations.
• Opportunity to offer diverse financing products, including lease-to-own options in retail and digital formats.
• CEO highlights potential for rapid growth through the partnership.

Negative

• None.

BOCA RATON, Fla., Oct. 11, 2022 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and financing solutions provider, today announced an exclusive long-term marketing relationship with Liberty Tax corporate and franchisee locations. This relationship will allow FlexShopper to offer its consumer loans in Liberty Tax locations across the United States, as well as via the Liberty Tax website and mobile applications. Liberty Tax has 2,700 locations in the United States and Canada. In addition, FlexShopper will market other financing alternatives, including lease to own and complementary financing products, in these same storefront and digital locations.

“As we have mentioned in our quarter-end conference calls, FlexShopper utilizes its omni-channel lease and loan capabilities to form new exclusive relationships with retailers. By partnering with the corporate and franchisee locations of Liberty Tax, we are also able to market complementary loan products to their customers. The diversity of our platform, coupled with unique sales initiatives, allows us to grow rapidly in the current environment,” said Richard House, CEO of FlexShopper.

FlexShopper will discuss the exclusive Liberty Tax relationship in more detail on its third-quarter conference call.

About FlexShopper

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.

Contact:

FlexShopper, Inc.
Investor Relations
ir@flexshopper.com
FlexShopper, Inc.

FAQ

What is the new partnership between FlexShopper and Liberty Tax?

FlexShopper has formed a long-term marketing relationship with Liberty Tax to provide consumer loans and financing products at its 2,700 locations.

How will FlexShopper benefit from the Liberty Tax partnership?

The partnership allows FlexShopper to market lease-to-own products and loans, significantly increasing its customer base.

When will FlexShopper discuss the Liberty Tax relationship in detail?

FlexShopper plans to provide more details during its third-quarter conference call.

What is the significance of FlexShopper's marketing partnership for investors?

The partnership with Liberty Tax could lead to increased revenue opportunities and market expansion for FlexShopper.