Financeit

OverviewSuggest Edit

Financeit is a point-of-sale financing provider servicing the home improvement, recreational vehicle, and retail industries. Its innovative cloud-based technology aims to make it easy for merchants to increase close rates and transaction sizes with affordable monthly or bi-weekly payment plans. 

TypePrivate
Founded2007
HQToronto, CA
Websitefinanceit.io

Latest Updates

Employees (est.) (Jul 2019)250
Cybersecurity ratingAMore

Key People/Management at Financeit

Michael Garrity

Michael Garrity

CEO
Paul Sehr

Paul Sehr

CTO
Casper Wong

Casper Wong

COO
Tanya Gupta

Tanya Gupta

VP of Strategic Initiatives
Andrew Lo

Andrew Lo

President
Shawn Jeffrey

Shawn Jeffrey

VP of Operations
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Financeit Office Locations

Financeit has offices in Toronto and Fort Lauderdale
Toronto, CA (HQ)
296 Richmond St West, Suite 500
Fort Lauderdale, US
6360 NW 5th Way #103
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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

4 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Financeit Online and Social Media Presence

Embed Graph

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

How to create a pricing strategy for your small business

The post How to create a pricing strategy for your small business appeared first on Financeit.

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

The post Press release: Financeit Bringing Ease & Elegance to Point-of-Sale Financing for 140,000 Customers in $70B Marketplace appeared first on Financeit.

7 successful customer retention strategies for small businesses

The post 7 successful customer retention strategies for small businesses appeared first on Financeit.

How to get paid faster: 10 tips for quick invoice payments

The post How to get paid faster: 10 tips for quick invoice payments appeared first on Financeit.

Financeit wins 2019 Company of the Year in Lending from the Canadian Lenders Association

The post Financeit wins 2019 Company of the Year in Lending from the Canadian Lenders Association appeared first on Financeit.

Small business finances: A 10-step guide for business owners

The post Small business finances: A 10-step guide for business owners 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, Paul Sehr and Casper Wong.

  • How many employees does Financeit have?

    Financeit has 250 employees.

  • Who are Financeit competitors?

    Competitors of Financeit include GreenSky, Paysign and Monedo.

  • 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 and Fort Lauderdale.

  • How many offices does Financeit have?

    Financeit has 2 offices.