First up after lunch, CommunityLend took the stage with its Financeit solution:
“Financeit allows businesses to offer instant, POS financing to their customers from any device. The approval process takes less than 10 seconds and merchants receive their payment by direct deposit.
The standard program is free to use plus we provide marketing programs such as deferred payments or 0% financing. We currently serve the home improvement, vehicle, retail and healthcare markets.”
Product Launched: January 2011
HQ Location: Toronto, ON, Canada
Company Founded: March 2007
Metrics: CommunityLend has raised over $9M in financing to-date and currently has 35 employees. Financeit has over 2,000 merchants using the system and has processed over $300M in loans.
Websites: financeit.ca, communitylend.com
Twitter: @communitylend
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Michael Garrity (CEO), Casper Wong (COO), and Paul Sehr (CTO)
