TORONTO, April 30, 2019 /CNW/ - Flexiti Financial ("Flexiti" or "the Company"), a leading provider of point-of-sale consumer financing solutions for retailers announced today that JYSK, a fast-growing home furnishings retailer offering products with Scandinavian influence, has signed a long-term agreement to leverage its point-of-sale financing technology. The agreement follows a successful pilot at select JYSK locations across Canada.
Flexiti's mobile, fully automated and 100% paperless financing solution provides customers with quick and easy access to revolving credit and flexible payment options, including 0% financing. The application takes only a few minutes and grants qualified customers a private label credit card usable within Flexiti's network of nearly 4,000 retail locations across Canada. Flexiti's solution increases affordability and improves the shopping experience for customers both in-store and online.
"Customers don't want to sacrifice comfort and style for affordability when furnishing their home," said Mohammed Mahabub, Chief Financial Officer of JYSK Canada. "Our partnership with Flexiti offers our customers a convenient avenue to bring their perfect designs to life on terms they can more easily manage."
Flexiti's omni-channel financing solution is a proven sales driver with retailers in all verticals experiencing a 200% to 380% rise in financed sales volumes after migrating from previous financing platforms. Flexiti's simple and efficient solution becomes a valuable sales tool for retail staff that increases average purchase sizes, builds brand loyalty and encourages repeat store visits.
"We're proud to be working with a retailer as accomplished as JYSK Canada," said Peter Kalen, Founder and CEO of Flexiti. "We believe our innovative point-of-sale consumer financing technology will support the company's continued growth in the highly-competitive retail marketplace."
About JYSK Canada
JYSK is one of the world's fastest-growing home furnishings retailers. With a passion for Scandinavian design, our wide range of furniture and home products are created with Nordic influence and "Scandi style" in mind: minimalism, functionality, striking simplicity and understated elegance. Our aim is to help enhance any living space with a sense of sophistication while offering extraordinarily affordable prices. The first Canadian JYSK store was opened in 1996 in Coquitlam, BC. Today, JYSK operates 62 stores in Canada alone and is continuing to expand. For more information, visit www.jysk.ca.
Flexiti has reimagined point-of-sale (POS) consumer financing to drive sales for retailers in-store and online and is one of Canada's leading private label credit card issuers. Through our award-winning platform, we deliver a POS financing experience across any device that is customer-centric, simple and intuitive. Without the need to integrate into existing POS systems, retail partners can easily offer the same fast and paperless financing solution across all retail locations and sales channels to increase revenue and build loyalty through repeat purchases. With high approval rates, innovative products and services, flexible promotional offers and a partnership-first approach, Flexiti is helping people improve their lives through better financing. For more information, visit www.flexiti.com.
SOURCE Flexiti Financial Inc.
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