Flexiti Financial, a “buy now, pay later” financial solutions provider in Canada, signed a new C$527 million ($413 million) securitization facility led by National Bank of Canada, with financing also provided by an affiliate of Bank of Montreal and funds managed by Waterfall Asset Management.
CURO Group completed its acquisition of Flexiti Financial. In connection with the transaction, Flexiti refinanced and expanded its nonrecourse asset-backed warehouse financing facility, which is funded by Credit Suisse and SPF Securitized Products Master Fund.
Flexiti Financial entered into an agreement with Liquid Capital for a new credit facility, initially up to $25 million. The facility will be used to finance the warehousing of receivables originated by Flexiti pending their securitization.