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CURO To Acquire Flexiti, A Leading Canadian POS/BNPL Lender, For $121 Million


Press release content from Business Wire. The AP news staff was not involved in its creation.
CURO To Acquire Flexiti, A Leading Canadian POS/BNPL Lender, For $121 Million
February 1, 2021 GMT
WICHITA, Kan. (BUSINESS WIRE) Feb 1, 2021
CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a market leader in providing credit to non-prime consumers, today announced it has entered into an agreement to acquire Flexiti Financial Inc. (“Flexiti”), an emerging growth Canadian POS/BNPL provider. Under the terms of the agreement, CURO will acquire Flexiti for cash at closing of $85 million. The transaction also includes contingent consideration of up to $36 million based on the achievement of risk-adjusted revenue and origination targets over the next two years. ....

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