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Financeit

Financeit is a Toronto point-of-sale lender that lets contractors, retailers and big-box stores split big purchases — renovations, HVAC, windows, vehicles — into monthly payments. Founded in 2011 by Michael Garrity, Casper Wong and Paul Sehr, it grew out of CommunityLend, a peer-to-peer lender Canadian regulation had stalled, and is now the country's largest home improvement financier.

FintechTorontoFounded 2011financeit.io
$10B+funded in loans since inception, serving nearly one million CanadiansFintech.ca, 2026-06-29
10,000+dealers across CanadaFintech.ca, 2026-06-29
$1Bin loans issued, passed in 2019TechTO stage 2019-05
35-40%year-over-year growth as of 2019TechTO stage 2019-05
$200M+in lending capital secured in 2016 aloneTechTO stage 2016-08
$60Mfunded against $200M of applications by end of 2012TechTO stage 2016-08

The people

What they build

Home Improvement financingMonthly payment plans for renovations, HVAC, windows, roofing, pools and water treatment — the core verticalProduct page ↗
Retail financingPoint-of-sale payment options for retailersProduct page ↗
Vehicle financingPurchase financing for vehicle dealersProduct page ↗
EnterpriseWhite-labelled lending and servicing platform for large partners — the model behind the Home Depot project loanProduct page ↗

Open roles via the TechTO Job Board

Working at Financeit

Browse open roles across the community on the TechTO Job Board — Canada’s most connected tech network. Financeit’s roles show up here whenever they post.

Open roles on the TechTO Job Board ↗Or their own careers page: financeit.io/careers ↗

Jobs live on jobs.techto.org — the only structured source. We link to it rather than scraping career sites, so the board is always the source of truth.

On the TechTO stage

Every talk is searchable — ask the archive about Financeit

About

Financeit is the second act of CommunityLend, the 2007 attempt to bring peer-to-peer lending to Canada that regulation made unworkable. The pivot was to lend at the point of sale instead: a $10M pilot from ING, two months of work bolting a merchant onto the old P2P platform, and financeit.io launched in February 2011. It focused on one vertical — home improvement — and, as co-founder Paul Sehr told FintechTO, that focus is when growth actually started. Goldman Sachs led its Series B in late 2015 and later took a controlling stake. Financeit acquired TD's home improvement financing assets in 2016, Centah in 2017, and rival Simply Group in 2023. Casper Wong became CEO in January 2024; Michael Garrity is Executive Chair.

Backers

Goldman Sachs (Series B lead, late 2015; later took a controlling stake), FIS Global (Series A lead, 2013)

Some figures are founder-stated, not independently confirmed

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Quick answers

What does Financeit do?

Point-of-sale financing: it partners with contractors, retailers and big-box stores so their customers can break a big purchase — a renovation, a furnace, a vehicle — into monthly payments. Home improvement is its primary vertical, and it lends to prime borrowers.

Who founded Financeit?

Michael Garrity, Casper Wong and Paul Sehr, in 2011. Garrity had founded the predecessor, CommunityLend, in 2007; Sehr was contracting on the side and came on full time as technical co-founder for the pivot. Wong has been CEO since January 2024.

What is the Home Depot project loan?

A card Financeit built for Home Depot Canada: a revolving line of credit for six months that then converts into an installment loan, for renovations up to $50,000. It launched in Ontario in October 2018 and went nationwide that November, after an eight-month build and a two-year wait for the RFP.

How is Financeit connected to TechTO?

Three appearances. Co-founder Casper Wong — then COO, now CEO — gave 'Lessons Learned The Hard Way' in December 2015. Co-founder and CTO Paul Sehr then presented twice at FintechTO: the origin story in August 2016, and how they won the Home Depot card in May 2019.

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Maintained by TechTO · facts sourced and dated · last reviewed Jul 30, 2026