Flexiti signs Visions Electronics

TORONTO – Flexiti Financial, a provider of point-of-sale consumer financing solutions for retailers based here has signed an agreement to provide its technology to consumer electronics specialist Visions Electronics. Its financing solution is now available in all 43 retail locations in addition to the retailer’s e-commerce site, which launched Flexiti’s online financing product in the last fall.

“Since 1981, we have been dedicated to providing 100% customer satisfaction while offering the most competitive prices in the market,” Visions Electronics president Maurice Rouleau said in a statement. “Since launching Flexiti online, we have seen a great appetite from our customers for more payment options at checkout. We are thrilled to expand the financing option to our store locations to offer the best payment options for our customers.”

Flexiti’s mobile, automated and paperless solution enables customers to apply once and take advantage of various consumer financing options, including 0% interest promotional financing both online and in-store. The company has designed a frictionless application process, with ID scanning technology that auto-populates the application, allowing customers to be approved and transact in minutes.

Flexiti founder and chief executive officer Peter Kalen noted the solution provides retailers with a quick and easy way to drive increased sales, make purchases more affordable for their customers and build brand loyalty.

“Visions Electronics has been a leader in retail customer experience since they opened their very first store,” he said. “We are excited to be able to provide their online and brick and mortar stores with flexible financing to improve their customer experience.”

The Flexiti network has more than 5,000 retail locations across the country including furniture retailers such as The Brick, Leon’s and Wayfair.ca, among others.

Founded in 1981 by Richard (Rick) Stewart with a single store in Calgary and a staff of two, Visions now has 43 locations across the country with a complement of over 1,000 employees. In addition to consumer electronics, the privately held retailer is also a player in Canada’s major appliance market.