About us

Innovative provider of competitive retail lending solutions

Flexiti Financial

Flexiti Financial is a Canadian sales financing company founded in 2013. We help retailers increase their bottom line by providing better sales financing options than a standard credit card, with lower interest rates, longer payment terms and revolving credit. Using a mobile application process and patented ID scanning technology, we provide you with quick, simple and instant Point-of-Sale (POS) financing for your customers. No paperwork, no scanning and mailing, plus you get paid within two business days! Not only can we complete the financing application on any device, anywhere, and provide credit approval within minutes, but we also have higher approval rates and offer your customers felxible payment options at interest rates significantly below current options in the market. This means your customers can purchase what they need, when they need it, and walk out of the store and also save money.

  • 1,000+ merchant locations
  • Recognized leader in sector and managed by experienced management team
  • Over 8,500 customer applications
  • Award-winning tablet-based platform built for scale

Our mission

To be the leading provider of consumer financing in Canada by:

  • Leveraging technology to deliver the fastest and easiest application process on the market
  • Delivering the highest approval rates in the industry while responsibly managing our losses
  • Delivering outstanding customer service to our retail partners and customers

Our vision

To help our partners in the retail, health and home improvement sectors offer felxible sales financing solutions that will enable them to sell more, develop and grow, while helping consumers enjoy the things they need and want sooner.

Our team

Peter Kalen
Chief Executive Officer

Seasoned credit card and retail executive (Sears, President’s Choice Financial, Citibank, Canada Trust)

Jerome Peeters
Chief Operations Officer

Comprehensive experience in operational management as well as marketing and customer experience (B2B Bank, Sears, CIBC)

Gaston Siri
Chief Technology Officer

Extensive experience in technology, analysis and development of multi-tier systems (Dynamic Mind, Telefonica, Citibank, Grant-Thornton)

Colin Franks
Chief Risk Officer

Extensive experience in credit card risk, loss forecasting & risk mitigation strategies (JP Morgan Chase & Co., MBNA Canada)

Raymond Tam, CPA
Vice-President, Decision Support

Extensive experience in financial modelling, forecasting and business case analysis (McKinsey, Sears Canada, Mosaic-Acosta, Cryptologic-Amava Gaming)

Sean Milne, CPA
Vice-President, Finance

Extensive financial knowledge with experience in debt and equity financings (M Partners Inc., Deloitte Canada LLP.)

Sandra Young
Vice-President, Credit Risk

Extensive credit risk and analytics background (Credit departments at Rogers Bank, CIBC, Bank of Montreal, President’s Choice Financial)

Irena Storic
Director, Operations

Extensive experience in credit operations including call centre and collections (Millennium 1 Solutions, CIBC, Wells Fargo)

Catherine Learn
Director, Strategic Projects

Strategic leader with 20 years of experience spearheading change initiatives in both the private and public sector.

Ruhee Rajan
Director, Marketing

Marketing strategy and planning consultant with over 14 years of management experience in the Financial Services, Real Estate, and B2B industry.

Alexander Forsyth
Director, Sales Operations

Extensive sales management experience, with a record of delivering target goals and growing customer base (Gap Inc., Best Buy Canada)

Robert Clarke
Director, Sales

Extensive sales and business development logic with a focus on customer relations (American Express, Elavon, Collective Point Sales Solutions, ING Direct Canada)

Our Board of Directors

Peter Kalen

Founder and CEO, Flexiti Financial. Extensive experience in retail credit – EVP, Sears Financial and Home Services; SVP, Credit Cards at President’s Choice Financial, SVP at Citi Cards Canada.

Toreigh Stuart

Chief Executive Officer, Managing Partner and Founder, Next Edge Capital. Formerly: CEO of Man Investments Canada Corp.; President and CEO of BluMont Capital; TD Evergreen; Richardson Greenshields.

Diane J. Brisebois

President & CEO, Retail Council of Canada. Formerly: Member Board of Directors Toronto Region Board of Trade & Covenant House Toronto.

Richard Padulo

Chairman & CEO, Padulo 21st Century Retail. Extensively involved with The Hospital for Sick Children, Women’s College Hospital, The United Way of Greater Toronto, The Royal Ontario Museum, The Canadian Olympic Trust.

Geoffrey Browne

Managing Director, MWI Partners, Member of UBS Global Asset Management Investment Review Committee; Formerly: Managing Director of CIBC Wood Gundy Capital and Merrill Lynch Canada Private Equity.

Barry Pickford

F.C.A., F.C.P.A. acted as member of the board of Pacific Mortgage Group; Formerly: Senior Vice-President, Taxation and an officer of BCE Inc.; Vice-Chair of Audit, KPMG.

Paul G. Smith

Formerly: Chairman of VIA Rail; President, Chief Executive Officer, and founder of Equity Financial Holdings Inc. (TSX: EQI).

Kevin Fettig

Chair of Flexiti Financing Corp., SVP Risk Residential Mortgages at CMLS Financial; Formerly: Managing Director of Genworth Financial; Director of Securitization at CMHC; Bank Officer at the Bank of Canada.

Our investors

Anthony Lacavera

Currently Chairman of Globalive Capital, Globalive Communications. He is the founder, as well as the past Chairman and CEO of WIND Mobile.

David Fleck

Currently SVP at Delaney Capital and board member of Alamos Gold Inc., Kew Media Group, the Art Gallery of Ontario Foundation and serves as Vice-Chair of Soulpepper Theatre Company. He was previously the President and CEO of Macquarie Capital Markets Canada Ltd.

Ken Hartwick

Currently, SVP Finance, Strategy, Risk & Chief Financial Officer of Ontario Power Generation and board member of MYR Group, Spark Energy and Trent University. He previously served as CEO of Just Energy for 10 years.

Our Business Partners

Want to know more?

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Join Us

We are always looking for talented individuals to join our growing and dynamic team, with opportunities in Finance, Technology, Risk, HR, Sales and Marketing, Customer Service, and more.