
Core Insights - FlexShopper Inc. has formed a strategic partnership with PayPossible to integrate lease-to-own (LTO) solutions into PayPossible's financing platform, enhancing consumer financing options for retail merchants [1][2][5] - The collaboration aims to improve the shopping experience on FlexShopper.com by providing tailored financing solutions based on individual customer profiles, thereby increasing marketplace conversions [2][5] - The partnership will also benefit RANDYS Worldwide, a major automotive supplier with over 20,000 retail locations, by offering flexible payment options to its customers [3][4] Company Overview - FlexShopper Inc. is a financial technology company that specializes in providing lease-to-own and lending solutions to underserved consumers across the U.S. through its marketplace and partnerships with retailers [8] - PayPossible is a leading waterfall financing provider that enables businesses to offer multiple financing options through a single application at the point of sale, aligning lenders with customers based on credit profiles [7] Market Impact - The integration of FlexShopper's LTO services into PayPossible's platform is expected to expand the reach of both companies, making financing solutions more accessible to a broader audience, including both prime and nonprime customers [6] - The partnership is part of FlexShopper's growth strategy to enhance its competitive advantage by collaborating with top-tier partners and expanding its presence in both online and brick-and-mortar retail environments [2][5]