Financeit

lendingp2p lendingonline loans

STATUS: Acquired/Merged
FOUNDING YEAR: 2007
LOCATION: Canada
Last Update: 05/04/2021

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About

Financeit offers a comprehensive suite of tools and technologies designed to simplify complex sales transactions for businesses and their customers. Our point-of-sale financing platform helps businesses of any size close more sales by offering customers affordable monthly payment options for their next big home improvement, vehicle or retail purchase.For larger enterprise businesses, Financeit delivers an integrated suite of home improvement solutions at scale, including leads and workflow management, live contact agents, financing and promotions, performance assurance and category development.Financeit has partnered with over 8,000 merchants to process more than $5 billion in loan applications and was named Canadian Lenders Association's 2019 Company of the Year in Lending.

MEDICI Analysis

Financeit provides a platform that allows businesses to offer financing to their customers at the point of sale using any device.

Focus

PRODUCTS & SERVICES

Financeit App for Financing

REVENUE MODEL

Company makes money by charging flat fee for each transaction.

MAIN CLIENTS

Consumers

EXISTING PARTNERSHIPS

Financeit has worked with over 7000 merchant partners across Canada(Dec 2017).

Traction

COMPANY TYPE:

For Profit

NUMBER OF TRANSACTIONS:

928 M

TRANSACTIONS VALUE:

$500 M

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).

company provided insights
Acquisitions

M&A

ACQUIRED BY

Goldman Sachs

ANNOUNCED DATE

Mar 2021

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

13,828

AVERAGE VISITS (6 MONTHS)

13,539.58

MONTHLY VISITS GROWTH

-19.73%

VISIT DURATION

51

VISIT DURATION GROWTH

-25.45%

PAGE VIEWS VISIT

1.57

PAGE VIEWS VISIT GROWTH

-14.35%

BOUNCE RATE

63.97%

BOUNCE RATE GROWTH

0.71%

GLOBAL TRAFFIC RANK

1,329,835

MONTHLY RANK CHANGE

-120,401

MONTHLY RANK GROWTH

-8.3%

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