Financeit, a Canada-based point-of-sale financing provider, announced last week it is expanding into the U.S. and has appointed Steve Olszewski as its U.S. division general manager. Founded in 2011, Financeit describes itself as a market leading point-of-sale payment plan provider, servicing the home improvement, vehicle, and retail industries. The company reported that its cloud-based technology makes it easy for merchants to increase close rates and transaction sizes with affordable monthly or bi-weekly payment plans.
“The Financeit platform features a fast, transparent application process and has serviced over 7,800 merchant partners across Canada, processing more than $3 billion in loan applications.”
Financeit reported that Olszewski is long time professional in the point-of-sale lending business, previously held the role of CEO at Spruce Finance and senior leadership roles at both Discover Financial Services and GMAC Insurance. Speaking about his appointment, Olszewski stated:
“Joining the team to lead the organization’s U.S. expansion could not be a more thrilling opportunity for me. Financeit has a truly novel approach to solving big problems for companies in the home services industry, centralized around a market-leading point-of-sale lending platform, but extending far beyond that.”
Michael Garrity, Founder and CEO, Financeit, went on to add:
“This is an exciting time for Financeit as we prepare to launch into the U.S. market. Steve and Jonathan will be invaluable in leading a successful launch and accelerating our growth in the market. Their vast lending experience and deep understanding of the point-of-sale industry will allow us to hit the ground running this year.”