Financeit nets $75 mln in renewed PWB lending program
Financeit Inc announced that it has renewed its lending program with Pacific & Western Bank of Canada (PWB). The program will give the company a $70 million renewable purchase facility and a $5 million warehouse line facility to support expansion of its cloud-based financing platform. Founded in 2011, the Toronto-based Financeit enables small and medium-sized businesses to offer financing options to their customers from any device. It is backed by Canadian venture capital firm BEST Funds, U.S. firms FinSight Ventures and TTV Capital, and a number of other investors.
2 March 2015•3 mins read
