Financeit closes $85 mln in securitization, warehouse facilities
Toronto-based financial technology company Financeit Canada Inc has closed a $75 million renewable securitization facility and a $10 million warehouse facility with an unidentified Canadian life insurance company. The facilities will support the company's growth strategy. Financeit also announced the extension of a $35 million credit facility with ClearFlow Commercial Finance Inc. Last October, Financeit, a cloud-based point-of-sale financing platform, raised $22 million in equity to help fund its buy of TD Bank Group’s indirect home improvement financing assets. Its backers include Goldman Sachs.
8 June 2017•2 mins read
