FlexiGroup is a diversified financial-services group providing “no-interest-ever” loans, leasing, vendor-finance programmes, interest-free finance, credit cards, lay-by and other finance solutions to consumers and businesses.

Through its network of more than 46,000 merchant, vendor and retail partners the group has extensive access to four key markets: business-to-consumer, business-to-business, retail-to-consumers (and small-business customers) and online.

FlexiGroup’s performance has been characterised by solid, profitable growth as the company has expanded and diversified its business through organic growth, acquisition and product innovation.

FlexiGroup operates in Australia, New Zealand and Ireland in a diverse range of industries including home improvement, solar energy, fitness, IT, electrical appliances, travel and trade equipment.

FlexiGroup is an ASX-listed company which started business in 1988 by offering a simple lease product to small- and medium-sized businesses in Australia through office-equipment vendors. Over the past 30 years with a well-defined strategy of diversification, FlexiGroup has expanded organically and through acquisition.

FlexiGroup acquired retail-finance provider, Certegy Ezi-Pay, in 2008 before going on to purchase the Lombard Finance and Once Credit interest-free cards businesses in 2012 and 2013. Most recently, FlexiGroup expanded its consumer offering by entering into the New Zealand cards market through the purchase of Fisher and Paykel Finance in 2016.

FlexiGroup’s asset portfolio is well diversified across Australia, New Zealand and Ireland. Asset performance has been strong and stable across asset types and geographies for an extended period of time. In particular, the assets securitised in the company’s public securitisation vehicles (the Certegy Ezi-Pay and New Zealand card assets) have shown extremely stable performance over a number of years.

FlexiGroup continues to focus on developing new market opportunities to drive growth and further diversify its asset portfolio.

FlexiGroup’s funding strategy is to enable business growth by providing flexible, stable, diverse and cost-effective funding over the long term. This is achieved through having multiple funding vehicles, unused committed facilities, a strong issuance profile, and positive and stable investor relationships.

FlexiGroup has multiple relationships with Australian, New Zealand and offshore banking institutions and a range of committed funding facilities. It also has two well-established public securitisation programmes – the FlexiGroup ABS programme funding the Certegy Ezi-Pay business and the Q Card Trust programme funding the New Zealand credit-cards business. In addition, FlexiGroup will likely set up an Australian credit-cards master trust in 2019.