Flexiti places high on 2019 Technology Fast rankings
TORONTO – Point-of-sale financing provider Flexiti has made the top ranks of Deloitte Canada’s Technology Fast 50 and Deloitte’s North American Technology Fast 500 programs, in recognition of its rapid revenue growth and innovative approach to retail financing. Flexiti was ranked seventh on the Fast 50 and 40th on the Fast 500 with 3,245% in revenue growth from 2015 to 2018.
The Deloitte Technology Fast 50 program winners consist of public and private companies in the Canadian technology sector. The program runs alongside the broader North American Technology Fast 500, which provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America.
“It’s such an honour to be recognized by Deloitte as one of the fastest growing companies not just in Canada, but North America,” Peter Kalen, Flexiti founder and CEO said in a statement. “I want to thank the team at Flexiti who have worked tirelessly to deploy our solution to nearly 5,000 retail locations, as well as ecommerce sites across Canada, growing our Flexiti Network, and positioning us as one of the leading flexible payment providers in Canada."
“In an era of rapid and constant change, Fast 50 companies should be incredibly proud of the impact they are making across all industries, as they foster the economic prosperity and success of our country,” said Erica Pretorius, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Their bold vision, unrivaled growth and true commitment to innovation allow them to not only improve today’s world, but also shape tomorrow’s, and I can’t wait to see where they take us moving forward.”
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of 5% of gross revenues in R&D.
Flexiti provides consumer financing for a number of furniture, appliance and flooring retailers including Lastman’s Bad Boy, EQ3, Ethan Allen, Coast Appliances, Trail Appliances and Alexanian Carpet and Flooring.
Peter Kalen was also named one of the 25 finalists in the annual Leaders in Lending Awards, organized by the Canadian Lenders Association.
The Deloitte Technology Fast 50 program has a web site at www.fast50.ca.