Flexiti launches 0% interest rate financing at 78 London Drugs branches
TORONTO, September 28, 2021– (BUSINESS WIRE) – Flexiti Financial Inc. (“Flexiti”), a leading provider of point-of-sale consumer finance solutions for retailers, Buy Now, Pay Later, announced today hui having launched its stake at 0%1 financing solution at London Drugs. This launch follows a successful pilot program at select London Drugs establishments launched earlier this year.
Thanks to Flexiti’s omnichannel solution, customers can request a FlexitiCard® in store at 78 London Drugs branches. The paperless request only takes a few minutes and, after approval, the FlexitiCard can be immediately used to make purchases. This fully automated, 100% paperless process provides qualified customers with a revolving line of credit and flexible payment plans with 0% interest1 financing options, eliminating the need to re-apply for financing for future purchases.
With funding from Flexiti, London Drugs customers can access 0% interest1 financing to buy a variety of products. London Drugs’ various products range from televisions, computers and games to the unexpected, like e-bikes and paddleboards. They offer a selection of connected health and wellness products for smart fitness, home safety and more.
“For over 75 years, London Drugs has enhanced the pharmacy experience by becoming an integral part of the lives of Western Canadians,” said Clint Mahlman, London Drugs, President and Chief Operating Officer. “Providing affordable payment solutions to Canadians has never been more important, which is why we are thrilled to partner with Flexiti to introduce 0% interest rate financing plans for our customers. We look forward to working with Flexiti as we continue to push the boundaries of what traditional drugstores look like. “
“Flexiti is always on the lookout for innovative ways to add value to its growing network of more than 7,000 points of sale,” says Peter Kalen, Founder and CEO of Flexiti. “With 78 retail outlets in Western Canada, we are delighted to add London Drugs to our network. This partnership means there are now even more places our cardholders can purchase great products with access to flexible financing solutions that will help them make purchases and lives more affordable. “
1 CAO terms and conditions apply.
Founded in 2013 by Peter Kalen, Flexiti is one of Canada’s fastest growing point-of-sale lenders, providing customers with 0% interest financing at retailers that sell expensive products like furniture, appliances, jewelry and electronics. Thanks to its award-winning omnichannel platform, customers can be instantly approved to buy with their FlexitiCard®, which they can use online or in-store to make multiple purchases, up to their credit limit, without having to reapply. Accepted in over 7,000 ecommerce locations and sites across Canada, including The Brick, Leon’s, Staples, Sleep Country, Wayfair, Birks and Peoples Jewelers, Flexiti aims to make our customers’ lives more affordable and to help our retail partners increase their sales by offering flexible financing. option.
Flexiti’s growth, driven by its financing platform, is recognized as a market leader. In 2019, Flexiti was named 11th fastest growing company in Canada by The Globe and Mail, ranked 7th in the Deloitte Technology Fast 50MT and 40th in the Deloitte North America Technology Fast 500MT. In 2020, Flexiti was ranked 29th of the 500 Fastest Growing Companies in the Americas by the Financial Times, 6th of the Fastest Growing Companies in Canada by The Globe and Mail, 3rd on the Growth List 2020 and 6th and 39th on Deloitte Technology Fast 50MT and fast 500MT, respectively. In 2021, Flexiti ranks 13e on The Globe and Mail’s Fastest Growing Companies in Canada. Flexiti is a wholly owned subsidiary of CURO Group Holdings Corp. (NYSE: CURO).
For more information, visit www.flexiti.com.
About London Drugs
Founded in 1945, British Columbia-based London Drugs sells in all provinces and territories of Canada through its online store www.LondonDrugs.com and has 79 physical stores in over 35 major markets in British Columbia, Alberta , Saskatchewan and Manitoba. London Drugs offers consumers a range of products ranging from personal protective equipment for pandemic safety, digital cameras and cosmetics to computers and televisions. Known for its creative approach to retail, the company employs more than 9,000 people and pharmacy and healthcare services are at the heart of its business. Committed to innovation and superior customer service, London Drugs has established itself as a reputable and caring Canadian company that supports Canadian brands and continues to position itself for future growth and development.
Source: CURO Group Holdings Corp. ; Flexiti
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