The total consideration of the acquisition is USD 120 million, based on the achievement of certain performance targets. The transaction is expected to close in the first quarter of 2021, subject to certain closing conditions. Flexiti will continue to operate as a standalone business in Canada following the close of the transaction.
Flexiti was founded in 2013 and provides buy-now-pay-later services in Canada, offering an omni-channel proprietary platform that requires no POS integration with its merchant partners.
CURO is a provider of credit to non-prime consumers through a network of stores in the US and Canada and online direct-to-consumer brands.
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