Financeit

OverviewSuggest Edit

Financeit is a point-of-sale financing provider servicing the home improvement, recreational vehicle, and retail industries. Its cloud-based platform enables merchants to offer customers monthly payment options. The company also develops an integrated suite of home improvement solutions, including leads and workflow management, live contact agents, financing and promotions, performance assurance, and category development.

TypePrivate
Founded2007
HQToronto, CA
Websitefinanceit.io

Latest Updates

Employees (est.) (Jul 2019)250
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Key People/Management at Financeit

Michael Garrity

Michael Garrity

CEO
Andrew Lo

Andrew Lo

President
Paul Sehr

Paul Sehr

CTO
Casper Wong

Casper Wong

COO
Chris Lynch

Chris Lynch

CFO
Jonathan Smith

Jonathan Smith

CRO
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Financeit Office Locations

Financeit has offices in Toronto, Laval, Fort Lauderdale, Park City and in 1 other location
Toronto, CA (HQ)
296 Richmond St West, Suite 500
Laval, CA
5027-3055 Boulevard Saint-Martin O
Fort Lauderdale, FL, US
6360 NW 5th Way #103
Park City, UT, US
Park City
Sandy, UT, US
150 Civic Center Dr #402
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Financeit Financials and Metrics

Summary Metrics

Founding Date

2007

Financeit total Funding

$50.4 m

Financeit latest funding size

$17 m

Time since last funding

5 years ago

Financeit investors

Financeit's latest funding round in October 2016 was reported to be $17 m. In total, Financeit has raised $50.4 m
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Financeit Online and Social Media Presence

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Financeit News and Updates

Financeit, BC government launch low-interest home energy financing program

Toronto-based lender Financeit has partnered with the Government of British Columbia (BC) to launch a new, low-interest financing program to help BC residents switch...

Financeit Bringing Ease & Elegance to Point-of-Sale Financing for 140,000 Customers in $70B Marketplace

TORONTO, Feb. 11, 2020 /PRNewswire/ -- Canadian FinTech point-of-sale (POS) financing leader, Financeit, wrapped up a strong 2019 with the announcement that it had closed the year with $450MM in funded loan volume, over 250 employees and over $60MM in gross revenue. Financeit has rapidly...

Canadian POS financing outfit Financeit makes hire for US push

Canadian based point-of-sale financing provider, Financeit, announces industry veteran, Steve Olszew...

Goldman Sachs takes control of Financeit in recap financing

Toronto-based point-of-sale financing provider Financeit Canada Inc has closed a recapitalization round with the merchant banking division of Goldman Sachs. The undisclosed deal gives Goldman Sachs, a Financeit shareholder since 2015, a majority stake in the company. It also helped Financeit acquire…

Financeit Blogs

Financeit Celebrates Ranking on Canada’s Top Growing Companies

The post Financeit Celebrates Ranking on Canada’s Top Growing Companies appeared first on Financeit.

Summer Internship Experience at Financeit

The post Summer Internship Experience at Financeit appeared first on Financeit.

Centah (a Financeit Company) Launches the HomePro Marketplace, a Lead Creation and Management Platform for Home Services Merchants Across North America

The post Centah (a Financeit Company) Launches the HomePro Marketplace, a Lead Creation and Management Platform for Home Services Merchants Across North America appeared first on Financeit.

Maintaining our Company Culture in a Virtual World

The post Maintaining our Company Culture in a Virtual World appeared first on Financeit.

Financeit Reaches New Milestone With $2B in Loan Originations

The post Financeit Reaches New Milestone With $2B in Loan Originations appeared first on Financeit.

Financeit Partners with Wealthsimple to enhance employee benefits

The post Financeit Partners with Wealthsimple to enhance employee benefits appeared first on Financeit.
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Financeit Frequently Asked Questions

  • When was Financeit founded?

    Financeit was founded in 2007.

  • Who are Financeit key executives?

    Financeit's key executives are Michael Garrity, Andrew Lo and Paul Sehr.

  • How many employees does Financeit have?

    Financeit has 250 employees.

  • Who are Financeit competitors?

    Competitors of Financeit include Affirm, Flexiti and UpLift.

  • Where is Financeit headquarters?

    Financeit headquarters is located at 296 Richmond St West, Suite 500, Toronto.

  • Where are Financeit offices?

    Financeit has offices in Toronto, Laval, Fort Lauderdale, Park City and in 1 other location.

  • How many offices does Financeit have?

    Financeit has 5 offices.