Canadian home improvement fintech Financeit has named former Capital One Canada executive Ian Hanning its new CFO.
The hire comes after Financeit partnered with Concentra to acquire TD Bank Group’s indirect home improvement financing assets for $339 million earlier in September. Financeit gains roughly 800 merchant dealers in the deal.
“Ian’s strength in managing financial operations and building financial structures from the ground up will be a great asset to our company as we expand our loan portfolio business,” Financeit founder and CEO Michael Garrity said.
Mr. Hanning has two decades of financial management experience in Canada and the United Kingdom, mostly with Capital One. He has an Honors Bachelor of Arts in accounting and finance from Leeds Metropolitan University and earned several national and global accounting designations.
“Fintech is still in its infancy stage in Canada but it is the future of the financial services sector, particularly in the lending space,” Mr. Hanning said.