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Stock impact report

FlexShopper Forms Exclusive Lease-to-Own Partnership with United Wheels and Its Portfolio of Bicycle Brands, Including Huffy [Yahoo! Finance]

FlexShopper, Inc. (FPAY) 
NASDAQ:AMEX Investor Relations: investors.flexshopper.com
Company Research Source: Yahoo! Finance
leading national lease-to-own (LTO) retailer and payment solutions provider, is excited to announce an exclusive strategic partnership with United Wheels Inc., a global holding company for a portfolio of outdoor brands, including Huffy, Niner Bikes, Batch Bicycles, VAAST Bikes, and Buzz E-Bikes. This partnership is made possible through FlexShopper's growing relationship with PayPossible, a premier financing waterfall platform, which efficiently integrates FlexShopper's financing options across United Wheels' family of websites. Through competitive benchmarking, FlexShopper believes that offering lease-to-own options significantly increases sales for retailers focused on durable goods. In fact, FlexShopper has observed an increase of more than 10% in the balance of sale when LTO options are provided to its partners. This track record is a key driver for FlexShopper's ongoing expansion of partnerships with prominent online and brick-and-mortar retailers that want to expand sales with Show less Read more
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