Financeit

Financeit

Financial Services

Toronto, Ontario 33,351 followers

We simplify complex sales transactions for businesses and their customers.

About us

FinanceIt Canada Inc. ("Financeit") is one of Canada’s leading point-of-sale financing providers that serves over 10,000 home improvement, recreational vehicle, and retail businesses. Our platform helps businesses of any size close more sales by offering customers affordable monthly payment options for their next big home improvement purchase. By partnering with leading OEMs, distributors and associations, we offer exclusive pricing, promotions and networking opportunities. Financeit was founded in 2011 and is based in Toronto, Canada. The company was amalgamated with Simply Group Financial Corp., SNAP Home Finance Corp., and certain assets of EcoHome Financial on October 5, 2023.

Website
https://www.financeit.io/
Industry
Financial Services
Company size
201-500 employees
Headquarters
Toronto, Ontario
Type
Privately Held
Founded
2011
Specialties
Consumer Financing, POS Financing, Installment Loans, Payment Plans, Home Improvement, Cloud-based technology, Vehicle , and Retail

Locations

Employees at Financeit

Updates

  • Last week, our sales team gathered for an energizing two-day planning session to map out 2025 with focus, detail, and action. We focused on training and education to sharpen our skills and strategies, along with time to celebrate our achievements and set the stage for the year ahead. The sessions were packed with hands-on training, educational workshops, and collaborative discussions, equipping our sales team with the tools needed to succeed in the year ahead. A big thank you to Chris Stewart, Mike Kitchen, and Aman Gill for sharing valuable insights during our dealer panel. Here’s to a successful 2025—let’s make it our best year yet!

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  • We’re excited to build on our incredible momentum and position ourselves for long-term growth as Canada’s home improvement financing market leader. As part of this journey, we’re evolving our leadership structure and are thrilled to welcome Al Shulman as our new Chief Growth Officer. With over 25 years of Canadian business leadership experience and 10 years in home systems sales and marketing, Al will lead Sales & Marketing for Financeit. He brings a proven track record and a passion for leveraging innovative technology to transform point-of-sale lending in Canada. Welcome aboard, Al!

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  • Thank you to the Canadian Lenders Association for hosting such a fantastic event at the Canadian Lender’s Summit yesterday. Our CEO, Casper Wong, joined a dynamic panel discussion on the future of POS lending while our Executive Chair, Michael Garrity, joined Tal Schwartz to chat about the journey of raising capital in the Canadian lending space. The day was filled with great networking opportunities and insightful discussions about the evolving landscape of lending in Canada. #CanadianLendersSummit #Lending #fintech

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  • View organization page for Financeit, graphic

    33,351 followers

    Excited to announce that we'll be at the Canadian Lenders Association Lender's Summit on November 6th! Don’t miss our CEO, Casper Wong, who will be sharing his insights on the future of POS lending. Plus, join Michael Garrity in a fireside chat with Tal Schwartz, where they’ll dive into the latest trends in fintech funding across Canada Ready to join the conversation? Use code Financeit15 for 15% off your registration at https://lnkd.in/gTZP5JT. Looking forward to connecting with industry leaders—see you there! #innovation #lending #riskmanagement #fintech #futureoffinance #CanadianLendersSummit

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  • We’re proud to announce the addition of Goldman Sachs to our securitization warehouse, increasing our capacity by C$200 million to a total of C$700 million. This expanded facility, combined with our existing loan funding arrangements, provides Financeit with nearly C$2.5 billion in annual loan financing capacity to support our rapidly growing consumer loan receivables portfolio and meeting the increasing demand for flexible home improvement loans from Canadian consumers. For more details, read the full press release here: https://lnkd.in/eEaaamfU #Financeit #GoldmanSachs

    Financeit Adds Goldman Sachs to its C$700 Million Securitization Warehouse, Bringing Funding Capacity to almost C$2.5 Billion

    Financeit Adds Goldman Sachs to its C$700 Million Securitization Warehouse, Bringing Funding Capacity to almost C$2.5 Billion

    newswire.ca

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    33,351 followers

    We’re thrilled to partner with Regency Fireplace Products, a global leader in hearth design and innovation since 1979. With a network of over 2,000 retailers across North America, Europe, and beyond, Regency’s commitment to quality, reliability, and customer satisfaction is second to none. Through this partnership, we’re bringing flexible financing solutions to their retailers, helping them elevate the customer experience and fuel their sales growth.

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  • Today, we acknowledge the significance of truth, healing, and reconciliation with Indigenous communities. This is not only about reflecting on history but committing to meaningful action for a future grounded in respect, understanding, and unity.

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    33,351 followers

    𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐨𝐮𝐫 𝐧𝐞𝐰 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐋𝐨𝐚𝐧 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐚𝐩𝐩: As the proud financing partner behind The Home Depot Project Loan, we offer customers 6 months to purchase up to $50K for their home improvement projects. After the 6 month shopping period, it converts into an installment loan with fixed monthly payments and the flexibility to pay it off at any time. The new app simplifies the borrowing experience, allowing Project Loan customers to easily download and log in, streamlining in-store transactions with convenient payment access. iOS: https://lnkd.in/gfma2ufZ Android: https://lnkd.in/g8-AWFwH Get ready to take your home projects to the next level! #Innovation #Partnership #HomeDepot #ProjectLoan #Financeit

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  • We are delighted to share that we've partnered with Forge Distribution Inc, recognized today as one of Canada's leading distributors of specialty hearth products and services, to bring our seamless financing solutions to their extensive network of dealers across Ontario, Quebec, and the Atlantic provinces. Representing industry leading brands like Heat & Glo, Harman, Quadra-Fire, Vermont Castings, and more, this partnership empowers retailers to enhance customer experiences and drive sales growth. Learn more here:  https://lnkd.in/gkwpvU3z Nous sommes ravis d'annoncer notre partenariat avec Forge Distribution, reconnu aujourd'hui comme l'un des principaux distributeurs de produits et services de chauffage spécialisés au Canada, afin d'offrir nos solutions de financement à leur vaste réseau de détaillants en Ontario, au Québec et dans les provinces de l'Atlantique. Représentant des marques de premier plan comme Heat & Glo, Harman, Quadra-Fire, Vermont Castings et bien d'autres, ce partenariat permet aux détaillants d'améliorer l'expérience de leurs clients et de stimuler la croissance de leurs ventes. Pour en savoir plus, cliquez ici :  https://lnkd.in/gyjN4BJ6

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Funding

Financeit 11 total rounds

Last Round

Debt financing

US$ 144.8M

Investors

Goldman Sachs
See more info on crunchbase