FlexShopper(NASDAQ) FPAY

FlexShopper, Inc. is a company operating within the rent-to-own market, providing accessible and flexible leasing options for durable consumer goods. Established in 2006 and based in Florida, the company operates through several subsidiaries that offer financial solutions tailored for customers looking to obtain ownership of products over time. This business model is particularly appealing to consumers who may find traditional credit systems challenging.

Products and Services

Lease-to-own options for durable goods like furniture, electronics, and appliances.

Consumer finance programs partnering with third-party banks to offer unsecured loans.

Direct loan origination services in select states, offering tailored financial solutions.

What Makes FlexShopper, Inc. Special

FlexShopper stands out due to its technology-driven platform that simplifies the leasing process. Their system integrates seamlessly with retail partners, extending reach and accessibility to a wide customer base, including those underserved by traditional credit services. The emphasis on customer experience and strategic partnerships enables them to offer a wide selection of products through notable retailers.

Five Things You Need to Know

FlexShopper was founded in 2006 and operates primarily in the lease-to-own and consumer finance market.

The company relies heavily on technology for smooth integration with retail partners, broadening customer access.

Its services are tailored to help consumers who face challenges with traditional credit systems.

Strategically, the company focuses on expanding its merchant base and leveraging data analytics for better underwriting standards.

FlexShopper raised significant capital through preferred stock, allowing for investment in technology and market expansion.