What is Financeit?
Financeit is a financing platform designed to help businesses boost sales by offering customers flexible payment plans for projects and purchases up to $100,000. The service enables businesses to present attractive monthly payment quotes instead of large upfront costs, making high-value items more accessible to customers. With mobile-friendly tools and digital integration options, businesses can provide financing in person, in-store, or on their websites.
The platform offers various promotional financing options, including interest rate buy-downs, 0% interest plans for 12-24 months, and deferred payment arrangements. Once applications are completed and documents are e-signed, Financeit transfers the full purchase amount directly to the business's bank account without merchant fees. The company has processed over $5 billion in loan applications through partnerships with more than 12,000 businesses across Canada.
Features
- Payment Calculator: Generate low monthly payment quotes to attract customers
- Promotional Financing: Offer 0% interest plans, deferred payments, and rate buy-downs
- Direct Bank Transfer: Receive full purchase amounts directly to your account without merchant fees
- Mobile-Friendly Tools: Access financing options anywhere with digital and in-person capabilities
- Business Integration: Embed financing options on websites and use promotional materials in-store
Use Cases
- Offering financing for home improvement projects like HVAC, roofing, or windows
- Providing payment plans for retail purchases of high-value items
- Enabling vehicle dealers to offer flexible financing options to customers
- Helping businesses convert hesitant customers with attractive monthly payment quotes
- Streamlining the financing process for contractors and service providers
