Financeit

Financeit

Financial Services

Toronto, Ontario 31,465 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.

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

  • View organization page for Financeit, graphic

    31,465 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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  • View organization page for Financeit, graphic

    31,465 followers

    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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  • View organization page for Financeit, graphic

    31,465 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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  • View organization page for Financeit, graphic

    31,465 followers

    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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  • View organization page for Financeit, graphic

    31,465 followers

    We are excited to join ServiceTitan at Pantheon, their premier industry event kicking off on September 30th. Financeit is proud to be the only Canadian lender integrated with the ServiceTitan platform. Learn from industry leaders and discover the latest trends at this can’t-miss event of the season. For Financeit partners, reach out to your account manager to join us for our cocktail hour. We look forward to seeing you there!

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  • View organization page for Financeit, graphic

    31,465 followers

    David Hough and his team at Zorra Hot Tubs & Swim Spas experienced immediate sales growth by integrating Financeit into their customer offerings. By effectively utilizing Financeit marketing materials both online and in-store, they facilitated quick approvals, resulting in a 22% year-over-year increase in loans funded. Discover more about Zorra Hot Tubs & Swim Spas' success with financing in our latest blog post: https://lnkd.in/gnj-MyQP

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  • View organization page for Financeit, graphic

    31,465 followers

    Thank you HGTV Canada for featuring our new data report on home renovations in Canada. ICYMI - here are some of our key findings: • 94% of Canadian homeowners are planning to stay in their current homes in the next year, with 24% of those same people saying the cost of living has deterred them from looking for a new place to live. • 53% of those polled said they want to complete home renovations to improve the functionality of their home. • Energy-efficient home renovations are highly favored by homeowners, with 62% indicating they are likely to invest in such upgrades in order to save money. Check out the full article here: https://lnkd.in/e-NrNiCb #Financeit #HGTVFeature #FintechCanada #HGTVCanada

    Most Canadians Aren’t Planning a Move Anytime Soon

    Most Canadians Aren’t Planning a Move Anytime Soon

    https://www.hgtv.ca

  • View organization page for Financeit, graphic

    31,465 followers

    We are excited to announce the launch of our new credit product which tops up eligible Financeit borrowers with a personal loan of up to $20,000. This new program is available exclusively through the Financeit merchant network which includes 12,000 existing home improvement partners, allowing borrowers to expand their projects and gain more flexibility. Learn more here: https://lnkd.in/ggve-mZM

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Funding

Financeit 10 total rounds

Last Round

Debt financing

US$ 364.4M

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