The financing will allow TEMPOE to continue to grow both the number of retailers it serves and consumers who turn to the company for innovative lease products. TEMPOE recently issued its one-millionth lease, and has seen an average of 300-percent annual growth since it was founded in 2009.
The terms of the facility will also allow TEMPOE to make a significant investment in the online shopping space. TEMPOE provides consumers with an affordable alternative for possessing durable consumer goods such as furniture, appliances and electronics.
For more information about TEMPOE and the several payment options it provides retailers, visit TEMPOE.com.
Stephens Inc. acted as exclusive financial advisor to TEMPOE in this transaction.
TEMPOE, formerly WhyNotLeaseIt, is a leading provider of consumer leasing products that facilitates retail shopping. TEMPOE provides several flexible payment options with the opportunity of quick and economical ownership for consumers. TEMPOE was founded in 2009 and serves the furniture, home electronics, appliance, jewelry and automotive industries. For more information, visit TEMPOE.com.
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