Boca Raton, Fla., Dec. 8, 2022 (GLOBE NEWSWIRE) — FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading online lease-to-own retailer and financing solutions provider, today announced , the purchase of certain assets of Revolution Financial Inc. and six affiliates. The purchase will provide FlexShopper with 22 physical stores, 78 virtual stores located within Liberty Tax stores, and associated digital assets that will enable his FlexShopper to access consumer finance solutions. The acquisition is also the company’s first foray into a nationwide network of direct-to-consumer brick-and-mortar stores.
“This acquisition provides a head start on our operational capabilities to launch a nationwide rollout as part of our previously announced Liberty Tax partnership,” said FlexShopper CEO Richard House. .
FlexShopper will discuss the transaction in detail during its year-end 2022 earnings call.
FlexShopper, Inc. provides consumers with brand-name appliances, home furnishings and other durable goods on a Lease-to-Own (LTO) basis through its e-commerce marketplace (www.FlexShopper.com). A financial technology company. As well as its patented system. FlexShopper also provides retailers and e-retailers with his LTO technology his platform to facilitate transactions with consumers who want to buy products but don’t have enough cash or credit. FlexShopper uses a unique consumer screening model to approve consumers, collect from them under LTO contracts, and fund his LTO transactions by paying merchants for goods.
All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. It describes our future plans, strategies and expectations based on certain assumptions and generally includes the words “believe,” “expect,” “could,” “will,” and “all.” “should”, “could”, “seek”, “intend”, “plan”, “goal”, “estimate”, “forecast” or other equivalent terms. Examples of forward-looking statements include, among other things, statements regarding anticipated lease commencements and lease-to-own program expansions. Expectations regarding partnerships with retail partners. Our investment in and success in our underwriting technology and risk analytics platform. our ability to collect payments from our customers; anticipated future performance; and expectations regarding our business strategy. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. This can occur as a result of a variety of factors, including in particular: losses; our ability to raise funds for future business operations; Failure to manage and grow the FlexShopper.com e-commerce platform. our ability to maintain compliance with financial covenants under our credit agreements; our reliance on the success of our third-party retail partners and our ongoing relationships with them; Our compliance with various federal, state and local laws and regulations, including those related to consumer protection. Failure to protect the integrity and security of customer and employee information. our ability to realize the expected gains from asset transactions in the Revolution Financial Loan Portfolio; Other risks and uncertainties described in the “Risk Factors” section of our Annual Report on Form 10-K, Management’s Analysis of Financial Condition and Results of Operations and our Quarterly Reports on Form 10-Q. Any forward-looking statements made in this release speak only as of the date of this release and FlexShopper may not reflect actual results or changes in expectations, except as otherwise required by law. does not undertake any obligation to update such forward-looking statements.
Flex Shopper Co., Ltd.
PR for investors
Flex Shopper Co., Ltd.