Financeit

We simplify complex sales transactions for businesses and their customers.

General Information
Company Name
Financeit
Founded Year
2011
Location (Offices)
Toronto, Canada +3
Founders / Decision Makers
Number of Employees
333
Industries
Finance, Financial Services, Fintech +3
Funding Stage
Debt Financing
Social Media

Financeit - Company Profile

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.

Taxonomy: point-of-sale financing, sales transactions, home improvement, recreational vehicle, retail businesses, Canadian finance company, affordable monthly payment options, OEM partnerships, distributor partnerships, association partnerships, Toronto-based company, amalgamation, consumer finance, business finance

Funding Rounds & Investors of Financeit (10)

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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

View All 10 Funding Rounds

Latest News of Financeit

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No recent news or press coverage available for Financeit.

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