Tranche Update on FlexShopper, Inc.'s Equity Buyback Plan announced on May 22, 2023.
November 14, 2023 at 04:02 pm EST
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From July 1, 2023 to September 30, 2023, the company has repurchased 100,775 shares, representing 0.46% for $0.1 million. With this, the company has completed the repurchase of 100,775 shares, representing 0.46% for $0.1 million under the buyback announced on May 22, 2023.
FlexShopper, Inc. is a financial technology company that provides payment options to consumers. The Company provides a variety of funding options via lease-purchase solutions and loans. It has several channels, which generate payment options for customers. The Company enables consumers to use its e-commerce marketplace to shop for brand name electronics, home furnishings and other durable goods on a lease-to-own (LTO) basis. It provides an opportunity to obtain ownership of durable products, such as consumer electronics, home appliances, computers (including tablets and wearables), smartphones, tires, jewelry and furniture (including accessories), under affordable payment LTO purchase agreements with no long-term obligation. The Company's primary sales channels include business-to-consumer and business-to- business channels. It offers a range of brands, such as Samsung, Sony and TCL home electronics; Frigidaire, General Electric, Samsung and Whirlpool appliances, and others.
FLEXSHOPPER, INC. 
