FinovateFall 2014 / Financeit & FIS
Presenter Profile:
How they describe themselves: Financeit is a platform that makes it easy for businesses of any size to boost their sales by offering payment plans to their customers. The company brings point of sale consumer financing tools to main street merchants to increase close rates and transaction size.
How they describe their product/innovation: Financeit, in partnership with FIS, is announcing the launch of and showcasing a USA-compliant platform. Their Finovate demo shows all of the components required to ensure processes are compliant while still providing end users with an amazing product.
Product distribution strategy: B2B Marketing, Sales and Partnerships
Contacts:
Bus. Dev.: Casper Wong, COO, casper@financeit.io
Press: Braden Rosner, PR & Communications Manager, braden@financeit.io
Sales: Craig Haynes, VP Sales, craig@financeit.io
Website: financeit.io
Blog: financeit.io/blog
Twitter: @financeit
HQ: Toronto, ON, Canada (USA HQ: New York, NY)
Founded: January 2011
Product Demoed: Financeit USA Launch
Product Launch: September 2014
Metrics: Since launch, Financeit has processed over $700M in loans from over 3,500 merchant Partners. Financeit has raised over $21M in Venture Capital and currently has over 65 employees.
Presenters: Michael Garrity (CEO),
Katie Robinson (SVP Strategic Innovation),
Paul Sehr (CTO)
- Key Executives
Michael Garrity (CEO), Casper Wong (COO), Paul Sehr (CTO)
Key Stats
- Key Board Members
Jim Jones (Chairman, Financeit, AccountNow & APS), Mark Johnson (Board Member, Bill.com, Cardlytics & TTV Capital), Katie Robinson (Board Member, Financeit & VP Strategic Innovation, FIS), Tim Gleeson (Board Member & Chief Compliance Officer, Financeit)
- Key Advisory Board Members
Bill Cilluffo (EVP, Capital One), John Prato (Consul General of Canada, New York), Laura Adams (MD, Morgan Stanley), Erik De Witte (Former SVP & President, TD Financing Services), Donald Wright (Former Chairman & CEO, TD Securities), Andrew Durnford (Former SVP Personal & Indirect Lending, TD Canada Trust), Richard Kostoff (Former Deputy Chair, TD Securities)
- Key Investors
FIS, TTV Capital, Inter-Atlantic Group, Second City Capital
- Key Partnerships
FIS is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 110 countries. FIS employs more than 39,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services, and outsourcing of the technology that drives financial institutions.
- Key Customers
Over 3,500 SMB merchant Partners