User:Racheldelaney/sandbox
| Submission declined on 26 June 2024 by Vanderwaalforces (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies.
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Financeit
[edit]Financeit is a Canadian company specializing in point-of-sale (POS) financing systems primarily for the home improvement, recreational vehicle, and retail industries. The company was founded in 2011 by Michael Garrity, Casper Wong, and Paul Sehr [1]. Its headquarters is located in Toronto, Ontario [2].
History and Development
[edit]Financeit was co-founded in 2011 and initially focused on the home improvement sector [3][4]. Since then, the company has expanded its services to include other industries such as recreational vehicles and retail. It’s mission is to facilitate commerce through seamless and accessible financing solutions.
In 2022, Financeit was acquired by Wafra Capital Partners, a New York-based investment firm [5]. This acquisition was preceded by an investment from Goldman Sachs [6].
In 2022, Financeit was named one of Canada's Top Small and Medium Employers of 2022, recognizing its innovative human resource practices and exceptional work environment [7] [8].
As of January 1, 2024, Casper Wong, previously the President, has taken over as CEO from Michael Garrity, who transitioned to the role of Executive Chair of the Board. Jerome Peeters, formerly of Simply Group, has been appointed COO, following Financeit's acquisition of Simply Group's consumer loan business [9].
- ^ www.bizjournals.com https://www.bizjournals.com/bizjournals/news/2014/09/24/financeit-us-expansion-fis-global-michael-garrity.html. Retrieved 2024-06-28.
{{cite web}}: Missing or empty|title=(help) - ^ "Financeit". The Well Toronto. Retrieved 2024-06-28.
- ^ Casey, Quentin (December 18, 2013). "Can a U.S. expansion establish Toronto's Financeit as a leader in point-of-sale lending?". Financial Post.
- ^ "Alternative financing growth driven by need for loans". The Globe and Mail. 2013-07-01. Retrieved 2024-06-28.
- ^ "Wafra Capital Partners acquires Toronto FinTech startup Financeit from Goldman Sachs | BetaKit". 2022-02-11. Retrieved 2024-06-26.
- ^ Press, 2017, The Canadian (2017-12-14). "Goldman Sachs takes majority stake in Financeit". NorthBayNipissing.com. Retrieved 2024-06-26.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "Canada's Top Small & Medium Employers 2022 show remarkable agility in adapting to change". The Globe and Mail. 2022-04-05. Retrieved 2024-06-26.
- ^ "Canada's Top Growing Companies: Meet 430 businesses that will give you expansion envy". The Globe and Mail. 2022-09-23. Retrieved 2024-06-27.
- ^ Thomas, Knowlton (2023-11-28). "Expanding Financeit to Shuffle Executive Team Following Acquisition". Fintech.ca. Retrieved 2024-06-26.
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