Financeit announces $17M round

Canadian POS financing provider Financeit has completed an equity financing round led by new investors The Pritzker Organization and DNS Capital. Existing investors also participated.

The funds allow Financeit to complete the purchase of TD Bank Group’s indirect home improvement financing assets, including more than 800 merchant dealer agreements. Staff transitions and growth plans will also receive attention. Following a transition period Financeit will service approximately 45,000 existing TD consumer loans.

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