Market Overview

Flexiti Ranks 3rd on the 2020 Growth List


Canadian Business unveils annual list of Canada's Fastest-Growing Companies

TORONTO, Oct. 15, 2020 /CNW/ - Flexiti Financial ("Flexiti"), a leading provider of point-of-sale financing solutions for retailers, announced today that Canadian Business ranked Flexiti third on the 32nd annual Growth List, the definitive ranking of Canada's Fastest-Growing Companies. Produced by Canada's premier business and current affairs media brands, the Growth List ranks Canadian businesses on five-year revenue growth. Growth List winners are profiled in a special print issue of Canadian Business published with Maclean's magazine and online at and

Flexiti made the 2020 Growth List with five-year revenue growth of 20,281%.

With Flexiti's buy now pay later solution, customers can easily apply for a FlexitiCard online or in-store and receive a response within minutes. Upon approval, the FlexitiCard can immediately be used to make purchases at over 5,000 retail locations and websites. This fully automated and 100% paperless process offers qualified customers a revolving credit line and flexible payment plans with 0% interest financing1 options, eliminating the need to reapply for financing for future purchases.

"The companies on the 2020 Growth List are really exceptional. Their stories are a masterclass in how to survive when the economy throws a curveball. Despite turbulence, the 2020 Growth List companies showed resilience, spirit and, most importantly, empathy and strong leadership," said Susan Grimbly, Growth List Editor. "As we celebrate over 30 years of the Canada's Fastest-Growing Companies program, it's encouraging to see that the heart of Canada's entrepreneurial community beats strong, even in tough times."

"We are humbled to be ranked third on the Growth 2020 list," said Peter Kalen, Founder and CEO of Flexiti. "This recognition has been made possible by our dedicated employees, retail partners and our cardholders. I am proud of the success Flexiti has achieved over the past five years – from making our first sale to launching our omni-channel solution at some of Canada's most well-known retailers. This is just the beginning – and I look forward to where the future will take us."

1 O.A.C. Terms and conditions apply.

For over 30 years, the Growth List ranking of Canada's Fastest-Growing Companies (formerly the Growth 500) has been Canada's most respected and influential ranking of entrepreneurial achievement. Originally developed by PROFIT and now published in a special Growth List print issue of Canadian Business (packaged with the December issue of Maclean's magazine) and online at and, the Growth List ranks Canadian companies on five-year revenue growth, and the Startup List ranks Canadian new growth companies on two-year revenue growth. For more information on the ranking, visit

Founded in 1928, Canadian Business is the longest-serving business publication in the country. It has fuelled the success of Canada's business elite and, through the Growth List ranking, celebrates leadership, innovation, business strategy and management tactics. Learn more at

About Flexiti
Flexiti is Canada's fastest-growing point-of-sale lender, offering customers 0% interest financing at retailers that sell big-ticket goods like furniture, appliances, jewellery and electronics. Through its award-winning buy now pay later 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 5,000 locations and ecommerce sites across Canada including The Brick, Leon's, Sleep Country, Wayfair, Birks and Peoples Jewellers, Flexiti aims to make our customers' lives more affordable and help our retail partners grow their sales by offering flexible financing options.

Flexiti's technology platform is recognized as market leading, winning ACT (Advanced Card Technologies) Canada's 2015 Technology Innovation Award for Payments Benefiting Merchants.  In 2017, Flexiti was recognized in North America as the Leading Emerging Fintech by LendIt. In 2019, Flexiti was named Canada's 11th fastest growing company by the Globe and Mail, ranked 7th in the Deloitte Technology Fast 50TM program, and 40th in Deloitte North America Technology Fast 500TM. In 2020, Flexiti ranked 29th in The Americas' 500 Fastest Growing Companies by the Financial Times and ranked 6th in The Globe and Mail's Canada's Top Growing Companies. For more information, visit

SOURCE Flexiti Financial Inc.

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