FlexShopper, Inc., a publicly-traded provider of lease-to-own financing for appliances, electronics and other consumer products, has completed a Section 363 sale of substantially all of the assets of its business to acquirer Snap Finance, a leading fintech platform that supports major retailers by expanding consumers' access to financing. The purchase price of $15.5 million will be subject to a Chapter 11 liquidating trust for the benefit of major secured and unsecured creditors.
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