Financeit vs Openpay
Financeit
We simplify complex sales transactions for businesses and their customers
333 employees · est. 2011 · Toronto, Canada
Openpay
Openpay Group Ltd (ASX: OPY). Buy now. Pay smarter
33 employees · est. 2014 · Melbourne, Australia
Financeit is the older company (2011 vs 2014); Financeit is the larger of the two.
Side-by-Side Comparison
| Metric | Financeit | Openpay |
|---|---|---|
| Founded | ||
| Founded | 2011 older | 2014 |
| Headquarters | ||
| Headquarters | Toronto, Canada | Melbourne, Australia |
| Employees | ||
| Employees | 333 larger | 33 |
| Industry | ||
| Industry | Finance, Financial Services, Fintech | Financial Services, Fintech, Payments |
| Funding Stage | ||
| Funding Stage | Debt Financing | Post-IPO Equity |
| Total Funding | ||
| Total Funding | $562.90M | $299.65M |
| Funding Rounds | ||
| Funding Rounds | 10 | 3 |
| Services | ||
| Services | Flexible financing solutions, Loan application management, Interest rate buy-down options, Zero percent interest promotions, Deferred payment plans | Payment Processing, Rewards Points Accumulation, Bill Synchronisation, Travel and Event Redemptions, Business Expense Maximization |
| Target Customers | ||
| Target Customers | Home improvement businesses, Retailers, HVAC dealers, Vehicle dealers, Consumers seeking financing | Small and Medium Enterprises (SMEs), Accountants, Bookkeepers, Business Owners |
| Taxonomy | ||
| Taxonomy | Point-of-Sale FinancingHome Improvement FinancingMonthly Payment OptionsRetail FinancingRecreational Vehicle FinancingOEM Partnerships +9 | Payments FintechBNPL 2.0Omnichannel FinancingAutomotive FinancingHealthcare FinancingHome Improvement Financing +9 |
| Website | ||
| Website | financeit.io | openpay.com.au |
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 busin...
About Openpay
Openpay Group Ltd (ASX: OPY) is a leading player in the Financial Services, Fintech, and Payments industries. Founded in 2014 and headquartered in Australia, the company promotes itself with the slogan: "Buy now. Pay smarter." It offers a unique financing solution known as "BNPL 2.0," enabling trans...
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Compiled from the BounceWatch company index. We last looked at Financeit on 26 Aug 2025, and Openpay on 17 Oct 2025. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.
