About Simply Group
Simply Group is a company based in Toronto (Canada) founded in 2020 was acquired by Financeit in June 2023. Simply Group operates in a competitive market with competitors including HomeEquity Bank, Brightpath Capital, InstaFund, Halal Financial Corporation and EQRAZ, among others.
- Headquarter Toronto, Canada
- SectorsFinancial Services
- Website simplygroupfinancial.com
- Acquired by Financeit (Jun 2023)
Investors in Simply Group
Simply Group has secured backing from 1 investor. Prominent investors backing the company include Financeit.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Consumer financing is offered at point-of-sale for partnered businesses. | 2011 | financeit.io | Toronto, Canada |
Investor details for Simply Group
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Timeline of Simply Group
2 dated milestones of Simply Group across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Simply Group is founded.
- Exit Acquired by Financeit.
Competitors of Simply Group
Simply Group 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 HomeEquity Bank, Brightpath Capital, InstaFund, Halal Financial Corporation and EQRAZ, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| homeequitybank.ca | 1986 | Toronto, Canada | – | – | Home loans are provided to Canadian homeowners by HomeEquity Bank. | |
| brightpathcapital.ca | 2016 | Waterloo, Canada | – | – | Provider of home loans | |
| instafund.com | 1982 | Vancouver, Canada | – | – | Mortgage loans are provided by InstaFund in Canada. | |
| halalfinancialcorp.com | 2021 | Edmonton, Canada | – | – | Offers Shariah-compliant alternatives to traditional mortgages for home financing. | |
| eqraz.com | 2020 | Toronto, Canada | – | – | Provides comprehensive home loan financing services to individuals. | |
| tinyloans.ca | 2020 | Kelowna, Canada | – | – | Provides loans specifically for tiny homes on wheels. | |
| dlcmetromortgages.com | 2022 | Surrey, Canada | – | – | Provides mortgage solutions for buying homes, refinancing, and credit services in Canada. |
Detailed competitors of Simply Group
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Latest news on Simply Group
Complete news archive for Simply Group
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Similar companies to Simply Group
10 companies that operate in the same segment as Simply Group (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | – | USD 1.9 B | 36,520 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 | |
Housing loans are extended to middle-income households in India. | 2010 | Gurugram, Haryana, India | USD 111.02 M | USD 162.86 M | 3,820 |
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Frequently Asked Questions about Simply Group
Simply Group was founded in 2020.
Simply Group is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Simply Group was founded in 2020 and operates as a financial services provider specializing in home loan financing. Services are delivered from Toronto, Canada, focusing on residential mortgage solutions for individuals and families. Operations emphasize streamlined loan processing and advisory support within the Canadian housing market. The company maintains an online presence through its domain, simplygroupfinancial.com, to facilitate client access to financing options.
Simply Group's top competitors include HomeEquity Bank, Brightpath Capital and InstaFund.
Simply Group has 1 investor. Key investors include Financeit.
Yes. Simply Group was acquired by Financeit in June 2023.