September 10, 2018

Flexiti signs multi-year agreement with Kal Tire for private label credit card

TORONTO--Flexiti, one of the industry's leading private label credit card providers for retailers, announced today that Kal Tire, Canada's largest independent tire dealer will implement its platform in over 200 retail locations across Canada.

"Kal Tire is committed to forging strategic partnerships that improve the customer experience in our retail locations," said Greg Waring, vice president retail marketing, Kal Tire. "Providing payment options that cater to individual preferences is critical, and we are excited to partner with Flexiti to offer a payment solution that is fast and easy for our customers to obtain and use."

Kal Tire locations can now offer a compelling financing solution to make their customers' purchases more affordable with the help of flexible financing plans with 0% interest options. Through its award-winning mobile application process, customers can apply for Flexiti's private label credit card online prior to visiting a Kal Tire location, and receive approval within minutes – no paperwork, no scanning or mailing. With minimal integration required into existing POS systems, Kal Tire will quickly scale across multiple locations and sales channels to offer financing to all of their retail customers, in-store and online.

"For over 65 years, Kal Tire has grown its loyal customer base through its commitment to customer service and integrity," said Peter Kalen, Founder and CEO of Flexiti. "We're honoured to welcome Kal Tire to the Flexiti Network and look forward to working closely with each of their locations to deliver our award-winning private label credit platform."

Kal Tire is Canada's largest independent tire dealer and one of North America's largest commercial tire dealers. Kal Tire's Mining Tire Group is a global leader in mining tire service and supply, servicing more than 150 mine sites across five continents. The company has warehouse facilities strategically located across Canada servicing over 250 Kal Tire retail and commercial stores. Kal Tire owns and operates five earthmover retreading facilities located in Canada, the United Kingdom, West Africa and Chile. Founded by Tom Foord in 1953, and based in Vernon, BC, Kal Tire has expanded steadily and now employs more than 6,500 team members internationally.

Flexiti has reimagined point-of-sale (POS) consumer financing to drive sales for retailers in-store and online, and is one of Canada's leading private label credit card issuers. Through our award-winning platform, we deliver a POS financing experience across any device that is customer-centric, simple and intuitive. Without the need to integrate into existing POS systems, retail partners can easily offer the same fast and paperless financing solution across all retail locations and sales channels to increase revenue and build loyalty through repeat purchases. Flexiti's joint venture with Globalive Technology demonstrates its commitment to innovation in the payments space through the development of solutions leveraging artificial intelligence and blockchain technology. With high approval rates, innovative products and services, flexible promotional offers and a partnership-first approach, Flexiti is helping people improve their lives through better financing.



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