Financeit works with your business to offer customers flexible payment plans for large purchases. By giving your customers more ways to pay, you can increase close rates and average transaction size while growing your business. Financeit provides you and your customers with a user-friendly experience based on fairness and transparency. We don’t have hidden fees or backdated interest charges, and our interest rates are lower than most credit cards. Since launching in 2011, Financeit has signed up over 4,000 retail, vehicle, home improvement and healthcare businesses who have processed more than $1 billion in loans in Canada the United States. Financeit is not a lender. Financeit is an originator and servicer of loans and works with multiple lenders.

Type
Private
HQ
Toronto, CA
Founded
2007
Size (employees)
148 (est)+5%
Financeit was founded in 2007 and is headquartered in Toronto, CA
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Key People/Management at Financeit

Michael Garrity

Michael Garrity

CEO & President
Paul Sehr

Paul Sehr

CTO
Casper Wong

Casper Wong

COO
Shawn Jeffrey

Shawn Jeffrey

Vp of Operations
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Financeit Office Locations

Financeit has offices in New York and Toronto
Toronto, CA (HQ)
296 Richmond St West, Suite 500
New York, US
140 E 45th St, 10th Floor
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Financeit Financials and Metrics

Summary Metrics

Founding Date

2007

Financeit total Funding

$21.4 m

Time since last funding

3 years ago

Financeit investors

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Financeit Online and Social Media Presence

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Financeit News and Updates

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…
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Financeit Company Life and Culture

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