New FlexiGroup CEO Takes First Steps in Attempt to Reignite Growth
It is not quite business as usual for FlexiGroup. After joining in February, CEO Symon Brewis-Weston will look to arrest poor organic growth by refocusing the group's attention on small-ticket financing. It will use its client relationships, credit pricing models, digital origination capabilities, funding capacity, and customer data as advantages over smaller niche competitors. As part of this strategy, the firm will wind down or divest several businesses seen as noncore. The overarching message...Flexigroup is a financial services group providing no interest ever, leasing, vendor finance programs, interest free and Visa / Mastercards, managed print services, lay-by and other payment solutions to consumers and businesses. Co.'s business areas include: no interest ever products and cheque guarantee services; the interest free cards business, which provides personal finance products; the Australia leasing business, which provides leasing products throughkey partners; the New Zealand leasing business, which provides leasing products primarily to small and medium sized businesses and the education sector; and the New Zealand cards business, which provides non-bank consumer credit.
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