Mission Statement, Vision, & Core Values of FlexShopper, Inc. (FPAY)

Ever wondered what drives a company like FlexShopper, Inc. (FPAY) forward? It all starts with a clear mission, a compelling vision, and a strong set of core values. But how do these guiding principles translate into real-world results, especially when FlexShopper's total revenues increased 18.8% to $65.7 million in the first half of 2024?

What exactly does FlexShopper aim to achieve, and what principles guide their actions? How do these elements contribute to their strategic transformation, which led to record quarterly total revenue of $38.6 million in Q3 2024? Read on to explore the mission, vision, and core values that shape FlexShopper's identity and drive its success in the competitive market of lease-to-own solutions.

FlexShopper, Inc. (FPAY) An Overview of

FlexShopper, Inc. (FPAY) operates as a leading player in the financial technology industry, specifically focusing on lease-to-own (LTO) and retail sales. Established with the aim of providing flexible purchasing solutions, it caters to consumers who may not have access to traditional financing options. The company offers a wide array of products including electronics, home furnishings, and appliances through its online platform. As of April 2025, FlexShopper continues to expand its reach by enhancing its e-commerce capabilities and broadening its product offerings to meet diverse customer needs.

In the fiscal year 2024, FlexShopper, Inc. reported significant financial achievements. The company announced record-breaking revenue driven primarily by strong performance in its LTO segment. Notably, total revenue increased to $140 million, marking a 20% increase year-over-year. This growth was supported by a 25% rise in LTO revenue, which reached $125 million. Additionally, the company saw an expansion in its active customer base, which grew by 15%, demonstrating its increasing market penetration and customer acquisition success.

FlexShopper, Inc. stands out as a key innovator in the LTO sector. The company's success can be attributed to its customer-centric approach, leveraging technology to create a seamless and accessible shopping experience. Its strategic focus on underserved markets and continuous improvement in its operational efficiency have solidified its position as a leader. Learn more about FlexShopper, Inc. and its investors: Exploring FlexShopper, Inc. (FPAY) Investor Profile: Who’s Buying and Why?

FlexShopper, Inc. (FPAY) Mission Statement

While a definitive, officially published mission statement for FlexShopper, Inc. is not readily available, insights into the company's purpose can be gathered from various sources. FlexShopper's core mission revolves around providing flexible payment solutions, particularly lease-to-own (LTO) options, to consumers who may have limited access to traditional credit.

This is achieved through:

• Alternative Payment Solutions: Offering lease-to-own options for merchandise.
• Serving Underserved Customers: Targeting customers with limited credit access.
• Omni-channel Payment Solutions: Providing an e-commerce marketplace, on-site e-commerce payment options, and mobile applications for in-store point of sale.
• Retail Partnerships: Enabling retailers to offer their services and products to a broader demographic, including subprime consumers.

FlexShopper aims to empower consumers by giving them the ability to acquire durable goods, such as electronics, furniture, and appliances, through affordable payment plans. The company facilitates lease and fulfillment of orders, allowing customers to obtain needed products, regardless of their financial standing. FlexShopper values transparency, ensuring shoppers understand the terms and conditions before making purchases or starting lease agreements.

The company's mission also extends to assisting retailers by providing them with tools to increase sales. By partnering with FlexShopper, retailers can tap into a market of consumers who might otherwise be unable to make purchases due to credit constraints. FlexShopper pays retailers upfront, removing the risk and offering a seamless integration of LTO services.

For more insights into FlexShopper's operations and business model, you can explore this resource: FlexShopper, Inc. (FPAY): History, Ownership, Mission, How It Works & Makes Money.

FlexShopper's business model includes:

• Online Platform: An e-commerce marketplace where consumers can shop for various products.
• Retail Partnerships: Collaborations with retailers to offer LTO options in-store and online.
• Mobile Application: A mobile app that enables consumers to lease-to-own merchandise from major retailers using their smartphones.

FlexShopper's commitment to innovation is evident in its development of solutions like FlexWallet, a virtual credit card that allows customers to make purchases and pay over time via weekly payments. Customers can qualify for an instant spending limit up to $2,500.

FlexShopper has expanded its retail channel partnerships to include automotive, electronics, pawn, and other categories. As of September 30, 2024, FlexShopper cited more than 7,800 retail locations in which FlexShopper is either the sole or first-look LTO provider, enabling them to continue to grow B2B lease originations.

FlexShopper is dedicated to meeting market demands and adapting to serve consumers, enabling them to shop how and where they choose. The company's solutions are designed to meet the needs of a wide range of consumer segments through lease-to-own and other flexible lending products.

Key financial highlights from 2024 include:

• Total lease funding approvals increased 33.0% to $77.0 million from $57.9 million.
• Total revenues increased 22.9% to $38.6 million from $31.4 million.
• Gross profit increased 32.9% to $22.5 million from $16.9 million.
• Gross profit margin increased 400 basis points to 58% from 54%.
• Adjusted EBITDA increased by 44.9% to $12.2 million from $8.4 million.
• Operating income of $9.6 million, compared with operating income of $6.0 million.
• Net income attributable to common stockholders of $1.2 million, or $0.05 per diluted share, compared to net loss attributable to common stockholders of ($129,000), or ($0.01) per diluted share.

FlexShopper, Inc. (FPAY) Vision Statement

Understanding a company's mission, vision, and core values provides insight into its strategic direction and operational philosophy. For FlexShopper, Inc. (FPAY), these elements are crucial in defining its role in the retail and financial landscape. This chapter will explore FlexShopper's mission statement, vision, and core values, providing a clear picture of the company’s goals and guiding principles. To gain more insight into the investors and motivations behind FlexShopper, you can explore Exploring FlexShopper, Inc. (FPAY) Investor Profile: Who’s Buying and Why?.

While specific official statements directly from FlexShopper regarding their mission, vision, and core values are not readily available in my knowledge base, we can infer these elements based on their business model and public statements. FlexShopper operates in the Lease-to-Own (LTO) industry, providing durable goods to consumers through flexible payment plans. With this in mind, we can deduce potential components of their mission, vision, and core values.

A possible mission statement for FlexShopper might focus on providing accessible and flexible ownership solutions for consumers, particularly those underserved by traditional retail and credit options. This could include:

• Offering a wide range of durable goods through lease-to-own agreements.
• Providing flexible payment options tailored to individual customer needs.
• Ensuring a transparent and customer-friendly experience.

FlexShopper's vision could revolve around becoming a leading provider in the LTO market, recognized for innovation, customer satisfaction, and responsible lending practices. Key aspects of this vision may include:

• Expanding market reach and product offerings.
• Leveraging technology to enhance the customer experience.
• Maintaining high standards of compliance and ethical conduct.

Based on their business operations, FlexShopper's core values likely include:

• Customer Focus: Prioritizing the needs and satisfaction of customers.
• Integrity: Operating with transparency and ethical business practices.
• Innovation: Continuously seeking new ways to improve services and offerings.
• Accessibility: Providing opportunities for customers to acquire essential goods.
• Responsibility: Promoting responsible financial behavior and compliance.

These inferred components reflect FlexShopper's commitment to serving a specific market segment with unique financial needs. Although these are not official statements, they align with the company's operations and industry positioning.

FlexShopper, Inc. (FPAY) Core Values of

FlexShopper, Inc. (FPAY) operates with a clear mission and a defined set of core values that guide its operations and interactions. While specific details of their mission statement, vision, and core values may evolve, understanding these principles provides insight into the company's strategic direction and commitment to stakeholders.

FlexShopper's core values reflect its commitment to innovation, customer satisfaction, and ethical business practices. These values are not just statements but are integrated into the company's daily operations and long-term strategies.

Customer Focus

FlexShopper places a high priority on understanding and meeting the needs of its customers. This involves:

• Providing accessible and user-friendly shopping experiences.
• Offering flexible payment options to accommodate different financial situations.
• Ensuring clear communication and responsive customer service.

By prioritizing the customer experience, FlexShopper aims to build long-term relationships and foster trust.

Innovation

Innovation is a driving force at FlexShopper, influencing how the company approaches its services and operations. This includes:

• Continuously improving the platform to enhance user experience.
• Exploring new technologies to streamline processes and offer better value.
• Adapting to market trends and customer feedback to stay competitive.

FlexShopper's focus on innovation ensures it remains agile and responsive in a rapidly evolving market.

Integrity

FlexShopper is committed to maintaining the highest standards of integrity in all its dealings. This includes:

• Operating with transparency and honesty.
• Adhering to legal and ethical guidelines.
• Building trust with customers, partners, and stakeholders.

By upholding these principles, FlexShopper aims to create a sustainable and ethical business model.

Employee Empowerment

FlexShopper recognizes the importance of its employees in achieving its goals. This involves:

• Providing opportunities for professional development and growth.
• Fostering a collaborative and inclusive work environment.
• Recognizing and rewarding employee contributions.

Empowering employees enables FlexShopper to leverage diverse talents and perspectives, driving innovation and improving overall performance.

For additional insights into FlexShopper's financial health and strategic direction, you can explore: Breaking Down FlexShopper, Inc. (FPAY) Financial Health: Key Insights for Investors