Financeit: Funding, Investors & Team (Aug 2026)
Financeit provides a range of tools and technologies aimed at simplifying complex sales transactions for businesses and their customers. The company's point-of-sale financing platform helps businesses increase their sales by offering customers affordable monthly payment options for large purchases such as home improvements, vehicles, or retail items. In addition, Financeit offers a comprehensive suite of home improvement solutions for larger enterprise businesses, including lead and workflow management, live contact agents, financing options, performance assurance, and category development. With over 8,000 merchant partnerships and processing more than $5 billion in loan applications, Financeit was recognized as the Canadian Lenders Association's Company of the Year in Lending for 2019.
Financeit has raised $509M across 2 funding rounds on record, the most recent an undisclosed round of $145M announced in Oct 2024.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Financeit Company Profile and Key Stats
Latest funding round on record: Oct 2024.
Financeit Funding Rounds
Financeit raised $364M in an undisclosed round announced in Jun 2024.
4 months later, an undisclosed round of $145M was announced in Oct 2024.
Financeit Founders and Leadership Team
Contact details for the Financeit team: 1 of 1 has an email address on file.
Start 14-day free trial →Financeit Funding Compared to Other Financial Services Startups
Financeit's latest round of $145M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Financeit Funding FAQs
What does Financeit do?
Financeit provides a range of tools and technologies aimed at simplifying complex sales transactions for businesses and their customers. The company's point-of-sale financing platform helps businesses increase their sales by offering customers affordable monthly payment options for large purchases such as home improvements, vehicles, or retail items. In addition, Financeit offers a comprehensive suite of home improvement solutions for larger enterprise businesses, including lead and workflow management, live contact agents, financing options, performance assurance, and category development. With over 8,000 merchant partnerships and processing more than $5 billion in loan applications, Financeit was recognized as the Canadian Lenders Association's Company of the Year in Lending for 2019.
How much funding has Financeit raised?
Financeit has raised $509M across 2 rounds on record. The most recent is an undisclosed round of $145M announced in Oct 2024.
When did Financeit last raise funding?
Financeit's most recent funding round on record is an undisclosed round of $145M, announced in Oct 2024.
Who founded Financeit?
FundedIQ lists Michael Garrity (Founder) at Financeit.
Where is Financeit headquartered?
Financeit is based in Toronto, Ontario, Canada.
How many employees does Financeit have?
Financeit is in the 251-500 employee band.
How does Financeit's funding compare to other Financial Services startups?
Financeit's latest round of $145M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Financeit Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Financeit is left off this page rather than filled in.
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