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Flexiti Financial

Flexiti Financial

Provider of credit card services intended to offer competitive retail lending services. The company offers financing options on a private label credit card that makes shopping simple for consumers, retailers and approval process is quick, payment options are flexible, and customers can shop at any retailer in the network, enabling customers to access promotional offers and shop as per their convenience

Formerly Known As
Wellspring Financial
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Consumer Finance
Other Industries
Financial Software
Primary Office
  • 130 King Street West, Suite 1740
  • P.O. Box 332
  • Toronto, Ontario M5X 1E1
  • Canada

+1 (877) 000-0000
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Flexiti Financial Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Debt Refinancing 06-Sep-2018 $80M 00000 Completed Generating Revenue
7. Early Stage VC 07-Jun-2018 0000 00000 Completed Generating Revenue
6. Early Stage VC 17-Dec-2017 000 000.00 Completed Generating Revenue
5. Early Stage VC 01-Aug-2017 00.000 000.00 Completed Generating Revenue
4. Accelerator/Incubator 04-Apr-2017 000.00 Completed Generating Revenue
3. Early Stage VC (Series A) 02-Nov-2016 00.000 000.00 Completed Generating Revenue
2. Debt - General 21-Mar-2016 $25M $29M Completed Startup
1. Early Stage VC 07-Jul-2014 $4M $4M Completed Startup
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Flexiti Financial Competitors (1)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
000000000 Private Equity-Backed Toronto, Canada 00.000 000000000000 00.000
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Flexiti Financial Investments (2)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000 0000000000 0 15-Jun-2018 00000 0000000 Financial Software 00000 00000
TD Financing Services (Credit Card Portfolio) 07-Jun-2018 Buyout/LBO 00000 Buildings and Property 00000 00000
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Flexiti Financial Investors (6)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Credit Suisse Investment Bank Minority 000 0000 000000 0
Pyfera Growth Capital Venture Capital Minority 000 0000 000000 0
MaRS Discovery District Accelerator/Incubator 000 0000 000000 0
Globalive Capital Venture Capital Minority 000 0000 000000 0
Delaney Capital Management Asset Manager Minority 000 0000 000000 0
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Flexiti Financial Executive Team (17)

Name Title Board
Peter Kalen Founder, Chief Executive Officer & Board Member
Joe Prodan Chief Financial Officer
Sharissa Ellyn Chief Legal Officer
Colin Franks Chief Risk Officer
Manuel Diaz-Granados Assistant Vice President & Head of Product Management

7 Former Executives

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Flexiti Financial Board Members (13)

Name Representing Role Since Contact
Anthony Lacavera Self Board Member 000 0000
Barry Pickford Flexiti Financial Board Member 000 0000
Brice Scheschuk Globalive Capital Board Member 000 0000
Kevin Fettig Flexiti Financial Board Member 000 0000
Martin Parizeau Self Board Member 000 0000

4 Former Board Members

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