Financeit, a leading point-of-sale financing provider, has significantly increased its securitization facility to C$500 million. This move bolsters the company’s total capacity to C$2 billion, ensuring greater financial flexibility and enabling more substantial support for its extensive network of partners and customers.
Financeit, a notable player in the point-of-sale financing sector, has announced a major enhancement to its securitization facility, now reaching C$500 million. This strategic development increases Financeit’s overall capacity to a robust C$2 billion. The expansion is expected to provide the company with enhanced financial flexibility and the ability to offer more comprehensive support to its growing network of partners and customers.
The increase in the securitization facility will allow Financeit to meet the rising demand for its services, particularly in the home improvement and retail sectors, where it has seen significant growth. By leveraging this increased financial capacity, Financeit aims to further solidify its position in the market and continue offering innovative financing solutions to businesses and consumers alike.
Michael Garrity, CEO of Financeit, commented on the expansion, stating, “This increase in our securitization facility is a testament to our company’s strong performance and the growing demand for our financing solutions. With a total capacity of C$2 billion, we are well-positioned to support our partners and continue driving growth.”
The company’s strategic focus on expanding its financial capabilities underscores its commitment to providing seamless and efficient financing options, which are crucial in today’s competitive market. As Financeit continues to innovate and grow, this enhanced securitization facility will play a key role in its ongoing success.