FlexShopper Partners With Terrace Finance To Integrate Lease-To-Own Services Into Multi-Provider Platform, Expanding Payment Solutions Across 800+ Retail Locations With An Additional 500 Expected By End Of 2024; $4.6M In Fundings Approved During Q2 2024
Portfolio Pulse from Benzinga Newsdesk
FlexShopper has partnered with Terrace Finance to integrate lease-to-own services into a multi-provider platform, expanding payment solutions across over 800 retail locations, with an additional 500 expected by the end of 2024. $4.6 million in fundings were approved during Q2 2024.
August 26, 2024 | 12:09 pm
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POSITIVE IMPACT
FlexShopper's partnership with Terrace Finance is set to expand its lease-to-own services across a significant number of retail locations, potentially boosting revenue streams. The approval of $4.6 million in fundings during Q2 2024 indicates strong financial backing.
The partnership with Terrace Finance significantly expands FlexShopper's market reach, which is likely to increase its revenue potential. The $4.6 million in fundings approved in Q2 2024 further supports this growth initiative, indicating a positive short-term impact on FPAY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90