Wafra Capital Partners bought the point-of-sale financing company from Goldman Sachs Asset Management, which took a majority stake in the company in 2017. The terms of the deal weren’t disclosed. (The Logic)
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Wafra Capital Partners bought the point-of-sale financing company from Goldman Sachs Asset Management, which took a majority stake in the company in 2017. The terms of the deal weren’t disclosed. (The Logic)
Talking point: Founded in 2011, Financeit offers financing plans tailored to home-improvement purchases. While initially focused on that market, Financeit said in a press release that it plans to enter new industry verticals and expand its products. Since Financeit’s founding, the point-of-sale loan market has grown significantly with the success of international buy-now, pay-later companies like Affirm and Afterpay, several of which have expanded their presences in Canada in recent months. Last year, Financeit added more than 1,100 merchants and funded a record $534 million in loans, the company said.
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