We started the year 2023 in something like a state of chaos: Tech was in the middle of layoffs, remote work was in a tug-of-war with a return to physical offices, and generative artificial intelligence was just beginning its all-permeating takeover of newspaper headlines and humanity’s imagination. [Read more…] about Three Trends Impacting the Trajectory of Canadian Fintech in 2024
A Canadian point-of-sale lending platform this week unveiled a succession plan for its executive team going into 2024. [Read more…] about Expanding Financeit to Shuffle Executive Team Following Acquisition
A prominent provider of point-of-sale financing within the Canadian fintech industry has acquired consumer loan business of the Simply Group. [Read more…] about Financeit Strengthens Market Position with Acquisition of Loan Business
Open banking is a financial services trend that enables third-party providers (TPPs) to access and use financial data from customers with their consent. This is achieved by utilizing application programming interfaces (APIs) that allow secure data exchange between financial institutions and TPPs. [Read more…] about Q+A with Financeit’s Michael Garrity on the Future of Open Banking in Canada
The past several years have been good to the global startup economy. 2021 set many records for startup financing in Canada.
The year included many sizeable fintech rounds, such as $61 million for Propel Holdings; $64 million for Neo Financial; $44 million for Properly; $72 million for Bench; and nearly $300 million for Fraction Technologies in Vancouver. [Read more…] about Five Fintech Firms Hiring Canadian Tech Talent Today
Wafra Capital Partners (WCP) has acquired Toronto-based Financeit from Goldman Sachs Asset Management.
Financeit is Canada’s leading point-of-sale financing provider for the home improvement industry and powers sales transactions for merchants in home services, recreational vehicle, and retail with technology-driven customer payment plans. [Read more…] about Goldman Sachs Sells Toronto Fintech Financeit To Wealth Fund For $350+ Million
It’s been over a year and a half since COVID-19 first emerged, disrupting everything in its path in one way or another. While all industries were forced to shift aspects of their business model, few were hit as drastically as those within fintech. [Read more…] about Canada’s Role In The International Fintech Community Is Dependent On The Friends We Make Here At Home
The Globe and Mail has published their third annual ranking of Canada’s Top Growing Companies and the list of 448 businesses sprawl across sectors, from fashion to finance, and manufacture everything from medical testing devices to organic pasta. [Read more…] about 10 High-Growth Canadian Fintech Companies To Watch
Toronto’s Financeit, Canada’s leading point-of-sale financing provider in the home improvement sector, has reached another funding milestone as they have officially exceeded $2 billion in loan originations. [Read more…] about Financeit Reaches New Milestone With $2 Billion In Loans
Financeit has entered into a new strategic consumer lending agreement with the Royal Bank of Canada (RBC) to solidify its position as Canada’s leading point-of-sale financing provider. [Read more…] about Buy-now-pay-later Leader Financeit Strikes $500 Millon Partnership With RBC