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Financeit logo — We simplify complex sales transactions for businesses and th...

Financeit

We simplify complex sales transactions for businesses and their customers.

Founded 2011 Canada Toronto, Canada 333 employees Debt Financing Total: $562.90M Finance, Financial Services +4

General Information

Company Name Financeit
Founded Year 2011
Location Canada Toronto, Canada +3
Founders / Decision Makers
Team member
Employees 333
Industries Finance, Financial Services, Fintech +3
Funding Stage Debt Financing
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About Financeit

Financeit, founded in 2011, is a leading Canadian fintech company based in Toronto. Known for its slogan, "We simplify complex sales transactions for businesses and their customers," Financeit has established itself as a foremost point-of-sale financing provider. The company serves over 10,000 businesses in sectors like home improvement, recreational vehicles, and retail by enabling them to offer flexible monthly payment plans to their customers.

The company has made strategic partnerships with OEMs, distributors, and associations to provide exclusive deals and networking opportunities, thereby facilitating businesses in closing more sales. In a significant strategic move, Financeit recently amalgamated with Simply Group Financial Corp., SNAP Home Finance Corp., and assets of EcoHome Financial.

As of June 2024, Financeit secured a substantial $500 million debt financing round from notable investors, CIBC Innovation Banking and Concentra Bank. This investment underscores confidence in Financeit’s robust growth potential and strategic direction within the financial services industry.

Taxonomy: Point-of-Sale Financing, Home Improvement Financing, Monthly Payment Options, Retail Financing, Recreational Vehicle Financing, OEM Partnerships, Integrated Home Improvement Solutions, Cloud-based Technology, Workflow Management, Lead Management, Financing Promotions, Performance Assurance, Category Development, Consumer Financing, Installment Loans

Services & Products

Flexible financing solutions
Loan application management
Interest rate buy-down options
Zero percent interest promotions
Deferred payment plans

Target Customers

Home improvement businesses Retailers HVAC dealers Vehicle dealers Consumers seeking financing

Funding Rounds & Investors (10)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing •••••• 2
Investor
•••• •••• 		17 Jun 2024
Series C •••••• 3
Investor Investor
•••• •••• 		06 Oct 2016
Series B •••••• 1 •••• •••• 23 Oct 2015
Debt Financing •••••• 1
Investor
13 Nov 2014
Series A •••••• 5
Investor Investor Investor
•••• •••• 		19 Nov 2013

View All 10 Funding Rounds

Financeit Alternatives & Competitors

Financeit vs
Custom Financing Solutions
Custom Financing Solutions United States

One platform for all of your financing and payment needs.

7 employees
Finance, Financial Services
Compare Financeit vs Custom Financing Solutions
Financeit vs
Simply Group Financial
Simply Group Financial

Flexible Financing Programs for Home Improvement Projects Across Canada

4 employees
Financial Services
Financeit vs
FTL Finance
FTL Finance United States

Home improved. Finance simplified.

56 employees
Financial Services, Construction
Compare Financeit vs FTL Finance
Also compare with: Financeit vs Watercress Financial Watercress Financial

FAQ About Financeit

We simplify complex sales transactions for businesses and their customers.
Financeit was founded in 2011.
Financeit is headquartered in Toronto, Canada.
Financeit operates in the following industries: Finance, Financial Services, Fintech, Lending and Investments, Mobile, Payments.
Financeit has approximately 333 employees.
Financeit has completed 10 funding rounds, raising a total of $562.90M. The latest funding stage is Debt Financing.
Financeit offers: Flexible financing solutions, Loan application management, Interest rate buy-down options, Zero percent interest promotions, Deferred payment plans.
Top alternatives and competitors to Financeit include Custom Financing Solutions, Simply Group Financial, FTL Finance, Sundaram Home Finance, Watercress Financial. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Financeit and Custom Financing Solutions are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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