About Financeit
Financeit is a company based in Toronto (Canada) founded in 2011 was acquired by Wafra Capital Partners in February 2022. Financeit has raised $41.9 million across 11 funding rounds from investors including Goldman Sachs, FIS and FinSight. Financeit has completed 4 acquisitions, including Centah, Financeit and Simply Group. Financeit offers products and services including Payment Calculator, Loan Application Platform, and Promotional Materials. Financeit operates in a competitive market with competitors including Tabby, Affirm, Afterpay, Zip and Klarna, among others.
- Headquarter Toronto, Canada
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Financeit Canada Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$41.9 M (USD)
in 11 rounds
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Latest Funding Round
Not available
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Investors
Goldman Sachs
& 9 more
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Employee Count
Not available
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Investments & Acquisitions
Centah
& 3 more
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Acquired by
Wafra Capital Partners
(Feb 11, 2022)
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Products & Services of Financeit
Financeit offers a comprehensive portfolio of products and services, including Payment Calculator, Loan Application Platform, and Promotional Materials.
Tool for calculating loan payments and options for customers
Platform to submit and manage loan applications online
Resources for businesses to promote financing deals
People of Financeit
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Funding Insights of Financeit
Financeit has successfully raised a total of $41.9M across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Financeit
Financeit has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, FIS and FinSight.
| Investor | Description | Founded Year | Domain | Location |
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Investment banking services are delivered across multiple financial sectors.
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US private equity investments are managed by DNS Capital.
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Growth-equity investments are managed by the private investment firm.
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Investor details for Financeit
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Financeit
Financeit has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Centah, Financeit and Simply Group.
Investment portfolio details for Financeit
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Home loan financing services are provided to residential clients.
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Point-of-sale financing is offered for home improvement and retail sectors.
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Locked | Locked | 2006 | Locked | |
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SaaS workflow management solutions are delivered for commercial spaces.
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Locked | Locked | 2004 | Locked |
Complete acquisition details for Financeit
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Financeit
Detailed financials for Financeit
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- Profit trends
- Statement rows
- Financial ratios
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Financeit Comparisons
Peer comparison for Financeit
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- Headcount comparison
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Competitors of Financeit
Financeit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tabby, Affirm, Afterpay, Zip and Klarna, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Purchase financing solutions are offered to businesses via installment payments.
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Point-of-sale financing is facilitated via an online installment payment platform.
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A buy now pay later service is offered by Afterpay.
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Payment solutions are provided for deferred purchasing by Zip.
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Point-of-sale financing is facilitated through an online platform for purchases.
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Point-of-sale financing is provided for various consumer products via installments.
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Detailed competitors of Financeit
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Financeit
Complete news archive for Financeit
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- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Financeit
Financeit was founded in 2011.
Financeit is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Financeit is a funded company, having raised a total of $41.9M across 11 funding rounds to date.
Financeit was established in 2011 in Toronto, Canada, within the consumer financing sector. Point-of-sale financing solutions are provided to customers purchasing from partnered businesses. Pre-approvals are conducted based on credit reports, with payments facilitated through pre-authorized plans. Interest rates are determined by payment plan size, credit report details, and the nature of the purchased product or project. Operations focus on enabling accessible financing options across various retail and service sectors.
Financeit offers Payment Calculator, Loan Application Platform, and Promotional Materials.
Financeit has made 4 acquisitions, including Centah, Financeit, and Simply Group.
Financeit has 10 investors. Key investors include Goldman Sachs, FIS, FinSight, B.E.S.T. Funds, and DNS Capital.