• FOUNDING YEAR: 2011
    LOCATION:
    Canada
    REGION:
    ON
    Last Update:
    18 Oct, 2019
    Phone:
    +1 888-536-3025

Description

FOCUS

PRODUCTS & SERVICES:
Financeit App for Financing
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Consumers
EXISTING PARTNERSHIPS:
Financeit has worked with over 7000 merchant partners across Canada(Dec 2017).

PEOPLE

FOUNDERS:
Casper Wong, Michael Garrity, Paul Sehr
Board Members and Advisors:
Jim Jones, Michael Garrity, Scott Stiegler, Mark Johnson, Tim Gleeson, Bill Cilluffo, Richard Kostoff, Colin Evans, Donald Wright, John Prato, Andrew Durnford, Laura Adams, Erik De Witte
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Fidelity National Information Services, FinSight Ventures, IA Capital Group, Second City Capital, TTV Capital, Michael Garrity, DNS Capital, Merchant Banking Division, The Pritzker Organization, Goldman Sachs, BEST Funds
KEY EMPLOYEES:
Michael Garrity(CEO)

TRACTION

NUMBER OF TRANSACTIONS:
928 MM
TRANSACTIONS VALUE:
$500 MM
TRANSACTIONS COMMENT:
Financeit claims that it has processed over $1.9 billion in loan applications till Dec 2017.
OTHER INFO:
Financeit’s has acquired Centah Inc., a global SaaS company for serving the home improvement industry by providing extensive workflow and lead management solutions to retailers, and manufacturers which will help them to make their business easier(Dec 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$21.4 Millions
DATE OF LAST FUNDING:
Oct 2016
SEED & PRIOR FUNDING:
$8.4 Millions
SEED CLOSED ON:
May 2012
FUNDING SERIES:
SERIES A
$13 Million Closed: Nov 2013
SERIES B
plf hcidykbchhhlq oqjpmjevzjg yoxnkgkjhtdml Closed: Oct 2015
COMMENTS
SERIES B : An undisclosed fund raised in series B
LISTED:
NO
COMMENT:
An undisclosed debt financing raised in Nov 2014, Venture fund: $17 M(Oct 2016), and an undisclosed fund raised in Dec 2017.

LATEST RESEARCH