Flexiti Financial Appoints Chief Operating Officer and Chief Risk Officer to its Growing Executive Team

Jerome Peeters and Colin Franks bring over 35 years of experience working with industry-leading financial organizations to Flexiti Financial's senior ranks

TORONTO, May 9, 2017 /CNW/ - Flexiti Financial, a leading provider of point-of-sale (POS) financing and payment technology for retailers, today announced the appointment of Jerome Peeters as Chief Operating Officer (COO) and Colin Franks as Chief Risk Officer (CRO) to its senior executive team. Both positions are newly created and come at a critical time for Flexiti Financial as the company continues to experience rapid growth in the consumer financing space.

As COO, Mr. Peeters will be responsible for the overall operations of the company, evolving business practices and overseeing the effective deployment of resources to meet the company's current business objectives and to position it for future growth. Mr. Peeters joins Flexiti Financial from B2B Bank, where he served as Vice-President, Operations and Client Services. Prior to this, he spent four years at Sears Canada in a series of progressive senior marketing and operational roles within Sears Financial Services and the broader company. Before joining Sears, Mr. Peeters was Senior Director, Marketing and Change Management at CIBC, supporting the President's Choice Financial business.

As CRO, Mr. Franks will be responsible for developing a firm-wide vision, strategy and governance framework for all aspects of Risk Management. Mr. Franks was most recently Chief Risk Officer, Canadian Credit Cards at JP Morgan Chase where he managed Risk across several retail partners including Sears, Amazon and Best Buy. Before joining JP Morgan Chase, he spent over nine years at MBNA managing all aspects of the Risk lifecycle and eventually becoming Director of Strategic and Risk Planning.  

"Jerome and Colin are two exceptionally well-respected senior executives in the financial services industry and we couldn't be more excited to bring their calibre of talent and experience to the Flexiti Financial team," said Peter Kalen, Founder and CEO of Flexiti Financial. "They join us at an important time for the company as we manage rapid growth while staying true to our goal – to be the leader in POS financing for retailers through the constant evolution of our technology and development of innovative financing tools. Their expertise will play a critical role in our continued journey and future success."

About Flexiti Financial
Flexiti Financial is a Canadian sales financing company founded in 2013. We help retail businesses increase sales by providing instant consumer financing at the Point-of-Sale (POS), with higher approval rates and superior customer service compared to other providers.  Using Flexiti Financial's award-winning mobile application process, customers can apply for financing and receive approval within minutes – no paperwork, no scanning and mailing, plus retailers get paid within two business days. Today, over 10,000 customers use Flexiti financing in over 1,000 locations across Canada. The company was named Best Emerging Consumer Lending Platform by LendIt, which recognizes Flexiti Financial's platform as having the greatest potential to impact the future of consumer lending. Flexiti Financial is backed by some of Canada's leading investors including Globalive Capital Inc. For more information, visit www.flexitifinancial.com.

SOURCE Flexiti Financial

For further information: Media Contact: Jason Kinnear, Jkinnear@flexitifinancial.com, 647.291.8026


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