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

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.