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Oct 23, 2024

Goldman Sachs joins Financeit’s $700 million securitization warehouse

Financeit Canada has expanded its securitization warehouse by partnering with Goldman Sachs, increasing the facility’s capacity by $200 million to a total of $700 million. This enhancement raises Financeit’s annual loan financing capacity to nearly $2.5 billion, addressing the growing demand for flexible financing options among Canadian consumers.

 

As a leader in point-of-sale financing for home improvement and other sectors, Financeit provides tailored payment plans to over 640,000 customers nationwide. Co-founder and CEO Casper Wong expressed enthusiasm for deepening the relationship with Goldman Sachs, stating, “This provides the additional capital needed to support our growth as we continue to scale as Canada’s largest non-bank point-of-sale financing company.”

 

“We remain committed to optimizing our capital structure, optimizing our overall cost of funds, and broadening our lender diversification,” said CFO David Yeilding.

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