{"id":774973,"date":"2023-08-03T06:52:26","date_gmt":"2023-08-03T10:52:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/curo-group-holdings-corp-to-sell-flexiti\/"},"modified":"2023-08-03T06:52:26","modified_gmt":"2023-08-03T10:52:26","slug":"curo-group-holdings-corp-to-sell-flexiti","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/curo-group-holdings-corp-to-sell-flexiti\/","title":{"rendered":"CURO Group Holdings Corp. to Sell Flexiti"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CURO Group Holdings Corp. to Sell Flexiti<\/b><\/p>\n<p>CHICAGO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCURO Group Holdings Corp. (NYSE: CURO) (\u201cCURO\u201d), a tech-enabled, omni-channel consumer finance company serving consumers in the U.S. and Canada, announced today that it has entered into a definitive agreement to sell its Canadian point-of-sale business FLX Holding Corp. (\u201cFlexiti\u201d) to Questrade Financial Group Inc., Canada\u2019s largest independent online brokerage, for a purchase price of approximately C$55 million. The sale is expected to close in the third quarter of 2023, subject to agreed closing conditions, including receipt of required regulatory approvals.<\/p>\n<p>\n\u201cWe are pleased that completion of this transaction will allow us to increase our focus on our core Direct Lending business in both the U.S. and Canada,\u201d said Doug Clark, Chief Executive Officer of CURO. \u201cAfter reviewing multiple options, we concluded this transaction offers compelling value to CURO, while better positioning Flexiti with Questrade as its partner. We appreciate the contributions the Flexiti team has made to CURO and wish them success in the future.\u201d<\/p>\n<p>\nMore information about this transaction can be found in the \u201cEvents &amp; Presentations\u201d section of CURO\u2019s Investor Relations website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fir.curo.com%2Fevents-and-presentations&amp;esheet=53504350&amp;newsitemid=20230802487817&amp;lan=en-US&amp;anchor=https%3A%2F%2Fir.curo.com%2Fevents-and-presentations&amp;index=1&amp;md5=dc151d9988b325b8c53ec77b0a72f5c4\">https:\/\/ir.curo.com\/events-and-presentations<\/a><\/p>\n<p><b>Advisors<\/b><\/p>\n<p>\nSolomon Partners Securities, LLC served as financial advisor and King &amp; Spalding LLP and Norton Rose Fulbright Canada LLP served as legal counsel to CURO. BMO Capital Markets served as financial advisor and Bennett Jones LLP served as legal counsel to Questrade, Inc.<\/p>\n<p><b>About CURO<\/b><\/p>\n<p>\nCURO Group Holdings Corp. (NYSE: CURO) is a leading consumer credit lender serving U.S. and Canadian customers for over 25 years. Our roots in the consumer finance market run deep. We\u2019ve worked diligently to provide customers a variety of convenient, easily accessible financial services. Our decades of diversified data power a hard-to-replicate underwriting and scoring engine, mitigating risk across the full spectrum of credit products. We operate a number of brands including Cash Money\u00ae, LendDirect\u00ae, Heights Finance, Southern Finance, Covington Credit, Quick Credit and First Heritage Credit.<\/p>\n<p>\n(CURO-NWS)<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230802487817r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230802487817\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230802487817\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">Investor Relations:<br \/>\n<\/span><br \/>Email: <a rel=\"nofollow\" href=\"mailto:IR@curo.com\">IR@curo.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Canada Illinois<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Payments Professional Services Technology Fintech<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230802487817\/en\/834564\/3\/CGHC.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>CURO Group Holdings Corp. to Sell Flexiti CHICAGO&#8211;(BUSINESS WIRE)&#8211; CURO Group Holdings Corp. (NYSE: CURO) (\u201cCURO\u201d), a tech-enabled, omni-channel consumer finance company serving consumers in the U.S. and Canada, announced today that it has entered into a definitive agreement to sell its Canadian point-of-sale business FLX Holding Corp. (\u201cFlexiti\u201d) to Questrade Financial Group Inc., Canada\u2019s largest independent online brokerage, for a purchase price of approximately C$55 million. The sale is expected to close in the third quarter of 2023, subject to agreed closing conditions, including receipt of required regulatory approvals. \u201cWe are pleased that completion of this transaction will allow us to increase our focus on our core Direct Lending business in both the U.S. and Canada,\u201d said Doug Clark, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/curo-group-holdings-corp-to-sell-flexiti\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CURO Group Holdings Corp. to Sell Flexiti&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-774973","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CURO Group Holdings Corp. to Sell Flexiti - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/curo-group-holdings-corp-to-sell-flexiti\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CURO Group Holdings Corp. to Sell Flexiti - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CURO Group Holdings Corp. to Sell Flexiti CHICAGO&#8211;(BUSINESS WIRE)&#8211; CURO Group Holdings Corp. (NYSE: CURO) (\u201cCURO\u201d), a tech-enabled, omni-channel consumer finance company serving consumers in the U.S. and Canada, announced today that it has entered into a definitive agreement to sell its Canadian point-of-sale business FLX Holding Corp. (\u201cFlexiti\u201d) to Questrade Financial Group Inc., Canada\u2019s largest independent online brokerage, for a purchase price of approximately C$55 million. The sale is expected to close in the third quarter of 2023, subject to agreed closing conditions, including receipt of required regulatory approvals. \u201cWe are pleased that completion of this transaction will allow us to increase our focus on our core Direct Lending business in both the U.S. and Canada,\u201d said Doug Clark, &hellip; Continue reading &quot;CURO Group Holdings Corp. to Sell Flexiti&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/curo-group-holdings-corp-to-sell-flexiti\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-03T10:52:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230802487817r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/curo-group-holdings-corp-to-sell-flexiti\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/curo-group-holdings-corp-to-sell-flexiti\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CURO Group Holdings Corp. to Sell Flexiti\",\"datePublished\":\"2023-08-03T10:52:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/curo-group-holdings-corp-to-sell-flexiti\\\/\"},\"wordCount\":373,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/curo-group-holdings-corp-to-sell-flexiti\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230802487817r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/curo-group-holdings-corp-to-sell-flexiti\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/curo-group-holdings-corp-to-sell-flexiti\\\/\",\"name\":\"CURO Group Holdings Corp. to Sell Flexiti - 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(NYSE: CURO) (\u201cCURO\u201d), a tech-enabled, omni-channel consumer finance company serving consumers in the U.S. and Canada, announced today that it has entered into a definitive agreement to sell its Canadian point-of-sale business FLX Holding Corp. (\u201cFlexiti\u201d) to Questrade Financial Group Inc., Canada\u2019s largest independent online brokerage, for a purchase price of approximately C$55 million. 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