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FlexiGroup™ is a leading provider of retail point-of-sale lease and rental finance for the IT equipment, electrical appliance and other retail markets in Australia and New Zealand. FlexiGroup’s success has been underpinned by its sales and marketing-driven business model which trains and motivates retailers and their salespeople to sell FlexiGroup’s products.
FlexiGroup™ has a strong track record of earnings growth underpinned by growth in the value of deals. Between FY1998 and FY2006, the total value of deals settled grew at a compound annual growth rate of 23%. Flexigroup’s retail partners’ distribution network of 11,000 third-party salespeople representing almost 4,400 retailers has been critical to its success. Importantly, this network includes a successful long-standing contractual relationship with Harvey Norman, Australia’s largest homeware and electrical goods retailer. More recently, FlexiGroup™ entered into a contractual relationship with Noel Leeming, a major New Zealand retailer.
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