FlexShopper, Inc..
FPAY.US | Financial leasing
FlexShopper, Inc. is a lease-to-own (LTO) company that provides durable goods to consumers through its e-commerce marketplace. The company offers a variety of products, including electronics, furniture, appliances, and other home goods. Customers can apply for a lease online and, if approved, select...Show More
Better Health for All
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No evidence available to assess FlexShopper, Inc. on Better Health for All.
Fair Money & Economic Opportunity
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The provided articles do not contain specific, quantitative data points required to assess FlexShopper, Inc. against the KPIs for Fair Money & Economic Opportunity. Information regarding underserved client share, pricing fairness, revenue from high-cost products, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment, financial literacy programs, debt burden ratio, geographic inclusion, or product simplicity is explicitly stated as unavailable or not provided across the articles.
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While one article mentions a high cost for a device over 90 days, it does not provide an average APR or fee multiple versus a market median, nor does it provide revenue data from high-cost products, which are required for scoring the relevant KPIs.
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Fair Pay & Worker Respect
-20
FlexShopper's employee engagement score, based on an average employee rating of 2.8 out of 5 stars from 102 reviews on Glassdoor, translates to approximately 56%.
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This aligns with the rubric tier for engagement around 55/100. No specific quantitative data was found for living wage coverage, CEO-median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage, leading to their omission.
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Fair Trade & Ethical Sourcing
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No evidence available to assess FlexShopper, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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The company has a whistleblower policy that includes a hotline for reporting suspected violations, with reports directed to a third party who then reports to an independent director.
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Retaliation against whistleblowers is prohibited.
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An anti-corruption policy is in place, explicitly addressing bribery, kickbacks, and payments to foreign officials, including compliance with the FCPA, with violations leading to termination and reporting to authorities.
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However, the policy's effectiveness is not detailed, as there is no information on the frequency or effectiveness metrics of training for this policy.
Kind to Animals
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FlexShopper, Inc. operates as a lease-to-own company for durable goods such as electronics, furniture, and appliances.
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Its business model is service-oriented and does not involve the manufacturing of products, sourcing of animal-derived ingredients, animal testing, animal husbandry, or direct impact on wildlife habitats. Therefore, all KPIs related to animal welfare, testing, sourcing, and agriculture are not applicable to the company's operations.
No War, No Weapons
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FlexShopper, Inc. is described as a lease-to-own company for consumer durable goods such as electronics, furniture, and appliances, which are not related to arms or defense. The provided Code of Business Conduct and Ethics does not mention any involvement in arms manufacturing, defense contracts, or dual-use technologies.
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Therefore, the company's core business model indicates no defense or arms-related activities, and no dual-use products are developed or sold. Similarly, there is no evidence of exposure to any weapons, controversial or otherwise.
Planet-Friendly Business
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FlexShopper, Inc. sources 72% of its operational energy consumption from renewables.
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Respect for Cultures & Communities
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The provided articles do not contain specific, concrete data points or mentions related to any of the Key Performance Indicators for the 'Respect for Cultures & Communities' ethical value. Information regarding formal partnerships, community reinvestment, cultural incidents, impact assessment protocols, local employment, grievance mechanisms, FPIC participation, community governance, cultural preservation, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training is not available in the evidence provided.
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Safe & Smart Tech
-60
FlexShopper, Inc. invested $1.5 million in cybersecurity infrastructure in 2023.
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Based on 2023 9-month revenue of $86.7 million,
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this represents approximately 1.73% of revenue. The company states compliance with various regulations including GDPR, CCPA, and PIPEDA.
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However, it received a subpoena from the California Department of Financial Protection and Innovation regarding compliance with state consumer protection laws.
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The company also notes potential annual impacts from CFPB oversight ($1.2-1.5 million) and state-level lending restrictions ($750,000-$900,000).
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Users can request access, correction, and deletion of their data via an email address.
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Data is retained as long as necessary for business purposes, including contract fulfillment and legal requirements.
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Zero Waste & Sustainable Products
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FlexShopper refurbishes 67% of its leased items, indicating a comprehensive take-back program for a significant portion of its products.
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The company has achieved a 98.7% digital documentation rate, which represents a highly effective waste reduction initiative for paper.
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Additionally, FlexShopper has not incurred any waste disposal violations in the past three years, demonstrating exemplary compliance.