Fintech company Financeit eyes more deals after TD buy: Reuters
Business has doubled for Canadian financial technology company Financeit since it purchased the home improvement financing assets of Toronto-Dominion Bank and the company is seeking more acquisitions, its founder told Reuters. TD sold its indirect home improvement financing assets, which had a book value of $339 million, in September, to Financeit and Concentra, a provider of services to credit unions, in a deal that added more than 800 merchant dealers to Financeit's portfolio. CEO Michael Garrity, Financeit's founder, said the deal had transformed his business, doubling its loan value and revenue, and Financeit would now consider more acquisitions.
14 December 2016•2 mins read
