Financeit strikes $100 mln funding deal with Concentra
Financeit Canada Inc has entered into a strategic funding partnership with Concentra Financial Services Association, a Canadian provider of wholesale finance and trust solutions to credit unions. The partnership, which has an initial value of $100 million, will allow Financeit to fuel a national growth strategy with increased origination capacity and access to the credit union system. Based in Toronto, Financeit is a cloud-based point-of-sale financing platform. Last October, it raised a minority equity funding round led by the merchant banking division of Goldman Sachs.
12 April 2016•3 mins read
