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Flexiti launches BNPL financing at Sleep Country and Dormez-vous

 20 March 2021     HGO Staff 

TORONTO – Point-of-sales financing specialist Flexiti Financial has expanded the suite of services it provides to Sleep Country Canada Holdings (SCC) and will provide its ‘buy now, pay later’ (BNPL) option to both of its brick-and-mortar banners, Sleep Country and Dormez-vous.

The BNPL is an omni-channel credit option providing consumers with 0% financing under certain conditions.

In a statement, Flexiti said Sleep Country and Dormez-vous will be able to apply for its FlexitiCard at one any of their combined 280 retail locations across the country and will receive a response within minutes. Upon approval, the FlexitiCard can be used to make purchases. This fully automated and 100% paperless process offers qualified customers a revolving credit line and flexible payment plans with 0% interest financing options, eliminating the need to reapply for financing for future purchases. Customers will also be able to apply and make purchases with the FlexitiCard on each banner’s web site in the second quarter of 2021.

 Big-ticket financing specialist Flexiti has signed a deal to provide its ‘buy now, pay later’ credit option to consumers shopping at both Sleep Country and Dormez-vous.“Our omni-channel approach provides Canadians convenient buying options to match their preferred choice of how, when and where to shop for sleep essentials,” SCC chief business development officer Stewart Schaefer said. “Our new partnership with Flexiti enables us to now offer more choice on how Canadians choose to purchase the right products to meet their sleep needs. Flexiti’s on-demand 0% financing solution provides an added level of financial comfort for our customers and ensures more Canadians can have instant access to the right sleep products.”

“We couldn’t be happier to welcome Sleep Country Canada and Dormez-vous stores into the Flexiti network,” added Flexiti founder and chief executive officer Peter Kalen. “Sleep Country’s dedication to providing excellent service and products to their customers makes them a highly respected national retailer. We are proud to partner with Sleep Country to achieve a shared goal of helping Canadians find their best sleep and rest easy knowing their purchases can be made more affordable through financing.”

Last month, Flexiti was acquired by the Wichita, Kansas-based CURO Group Holdings, operators of the Canadian pay-day lender Cash Money, for $155 million. The deal is expected to close before the end of the first quarter.

Based here, Flexiti is a point-of-sale lender specialising in big-ticket goods such furniture, appliances, electronics and jewelry through a network of some 6,000 retail locations and e-commerce merchants across the country. Its roster of retail partners includes The Brick, Leon’s, Mattress Mattress, Visions Electronics, Trail Appliances, EQ3 and Wayfair, among others. 

Related Story: Flexiti sold to CURO

Related Story: Flexiti signs Mobilia

Related Story: Flexiti signs CAS

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Home Goods and its accompanying newsletter - HGO This Week - covers the furniture, bedding, appliances, consumer electronics, accessories, lamps and lighting and floor coverings product sectors of the big ticket home goods market in Canada. HGO is also a forum for the dissemination of market research and hard-hitting articles on best practices for Canadian retailers.

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