The investment, which includes follow-on funding by Globalive Capital Inc., will further develop Flexiti Financial's award-winning POS lending platformTORONTO, Nov. 2, 2016 /CNW/ - Flexiti Financial, a leading provider of point-of-sale (POS) financing and payment technology for retailers, is excited to announce the closing of a $5M investment which includes follow-on funding by Globalive Capital. This investment will allow Flexiti Financial to continue developing the technology behind the company's award-winning POS lending platform, which is currently used in over 1000 merchant locations across Canada. "Flexiti Financial's mission is to be the leading provider of point-of-sale financing and payment solutions for retailers across Canada," says Peter Kalen, Founder and CEO, Flexiti Financial. "We have built one of the most advanced POS lending platforms in North America, and this investment allows us to accelerate our growth and further invest in our technology to ensure we're offering the quickest and easiest solution to our merchant partners, allowing them to offer more flexible sales and financing solutions to their customers." Flexiti Financial's credit technology and service platform allows businesses to instantly offer their customers low or no-interest financing, convert large purchases into monthly or deferred payment plans and establish a dedicated line of credit by creating a virtual private label card. The result: increased traffic, more sales and a boost to the business's bottom line.