Financeit, based in Toronto, Canada, is a leading point-of-sale financing provider founded in 2007. The company serves over 10,000 businesses in various industries including home improvement, recreational vehicle, and retail. Financeit's platform simplifies sales transactions by offering customers affordable monthly payment options, ultimately enabling businesses to close more sales. This innovative approach has attracted significant investment, with a $17.00M Series C investment received on October 6, 2016 from notable investors such as DNS Capital, The Pritzker Organization, and GS Growth. Through partnerships with leading OEMs, distributors, and associations, Financeit provides exclusive pricing, promotions, and networking opportunities, further solidifying its position in the finance, financial services, fintech, mobile, and payments industries. With its continuous growth and strategic acquisitions, including the amalgamation with Simply Group Financial Corp., SNAP Home Finance Corp., and assets of EcoHome Financial, Financeit presents a compelling opportunity for venture capital investment.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | $500.00M | 2 | Concentra Bank | 17 Jun 2024 |
Series C | $17.00M | 3 | GS Growth | 06 Oct 2016 |
Series B | $12.00M | 1 | Goldman Sachs Merchant Banking Division | 23 Oct 2015 |
Debt Financing | $12.50M | 1 | 13 Nov 2014 | |
Series A | $13.00M | 5 | Second City Capital, FIS | 19 Nov 2013 |
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