Canada-based home furnishings retailer Leon’s Furniture Limited (LFL) has signed a ten-year exclusive point-of-sale (PoS) consumer financing agreement with PoS fintech lender Flexiti.
Under the agreement, Flexiti will exclusively provide PoS financing for LFL’s customers both in-store and online, for all LFL retail banners.
LFL retail businesses include Leon’s, leons.ca, The Brick, thebrick.com, Appliance Canada, The Brick Mattress Store, Midnorthern Appliance and Furniture.ca.
From next month, all LFL banners will issue FlexitiCards at more than 300 stores across Canada.
Customers can apply for a FlexitiCard in-store or online by using Flexiti’s omnichannel solution.
The card can be used immediately use to make purchases across all LFL stores.
LFL Group CEO Edward Leon said: “We at LFL have always embraced innovation and continue to strive for better ways to serve our customers. This partnership with Flexiti is a continuation of that commitment.
“With our large network of retail stores across Canada, as well as our tremendously successful ecommerce sites, we are very pleased to bring a best-in-class, omnichannel financing experience to our customers to make shopping easier and more affordable.
“We are looking forward to deepening our partnership with Peter Kalen and the team at Flexiti.”
Flexiti founder and CEO Peter Kalen said: “We are thrilled to announce our expanded partnership between Flexiti and the LFL Group.
“For years, we have seen our FlexitiCard customers making purchases at The Brick and Leon’s. Now customers at stores, including The Brick, Leon’s, Appliance Canada and their e-commerce sites, can apply and get access to the same 0% financing options.
“It’s an incredible honour to partner with the Leon’s family and management team, who have been pioneers in bringing 0% interest financing to their customers to provide exceptional value and affordability.”
FlexitiCards have been accepted at The Brick stores since 2018. Since 2019, LFL customers and all Flexiti cardholders have been able to apply and shop at thebrick.com and leons.ca.
In 2019, Canadian home furnishings retailer DOT Furniture signed a long-term agreement to use Flexiti’s PoS financing technology.
LFL currently operates 303 retail stores across Canada under various banners.