May 2012 update

Happy May everyone! With spring here now and the selling season in full swing for many of our partners, our business continues to grow rapidly to meet the expanding needs of Canada’s sales finance market.  We wanted to share a few key announcements related to this growth.

  • We hit two major milestones this past month
  • We wanted to introduce some new team members who have joined us recently

Two milestones:

Since launching Financeit in January of 2011 we have experienced rapid month over month growth in both our loan applications and enrolled many merchant Partners. By the end of April, we had processed over $70,000,000 in loan applications and crossed over 1,000 qualified Partners enrolled to use our market leading sales finance platform.  At our current double digit monthly growth rate, we expect to cross $100,000,000 within the next 90 days.


We are proud of this growth and want to thank our Partners for trusting us to be part of their sales process. We believe that Financeit is changing the way consumers pay for purchases.  We allow businesses to finalize financing in less than 10 minutes, at point of sale or on even a mobile device in a client’s living room.  We offer competitive Interest rates (ranging from 6.99% to 12.99%).  And best of all, Financeit is always free to use.

We have added a number of new team members in order to continue providing the highest level of support to our Partner network.  We wanted to introduce you to them!

An introduction to our new team members:

Anthony Watts – Lead Designer
Anthony Watts graduated from the Ontario College of Art & Design in Integrated Media in 1996 and has been designing for web and mobile ever since. His past experience includes design and product development for many Toronto based start-ups and advertising agencies. Anthony has been involved with CommunityLend since their earliest days as a co-founder of Unspace, Toronto’s premier web and mobile application development shop.

Alhousseney Diallo – Bilingual Financial Services Representative
Alhousseny worked for 3 years as Associate analyst at BlueOrchard Finance (Switzerland), a world leading lending company dedicated to Microfinance. He holds a MSc in Financial Engineering and Risk Management from the Graduate School of Business of the University of Lausanne (Switzerland), a Honours Bachelor in Applied Economics from the University of Geneva (Switzerland), and a Certificate in Risk Management and Credit Scoring in SAS from the Toronto College of Technology.

Alex Labrie – Bilingual Financial Services Representative
Alex Labrie studied economics at a top-tier university in the US and has worked in the Canadian financial sector. Prior to this, Alex was running his own website for three years with a team of 15 people. He is originally from Quebec, used to be in the military, and has done a lot of non-profit work including helping local breakfast clubs and the building of a school abroad.

Jane Kim – Admin Manager
Jane recently joins us from Walton International Group, one of North America’s leading real estate and development companies where she has evolved through multiple positions within Investor Services and Sales. Jane attended the University of Calgary and studied International Relations and completed an exchange program in Sevilla, Spain.

Kate Perkins – Operations Admin
Kate is a recent graduate from Humber College’s marketing program and previous to that she was attending the University of Toronto. Before joining the Communitylend team, she was working for a fitness club in her local area while completing school. In her off time she enjoys baking and attending the gym.

Tzvi Grosman – Business Development & Operations Intern
Tzvi Grosman is currently entering his final year as a Marketing major in the Ted Rogers School of Management at Ryerson University. Tzvi plans to pursue an MBA following the conclusion of his undergrad degree. He currently sits on the executive board of the Ryerson Marketing Association, Ryerson Sports and Business Association, and the Ryerson Jewish Business Network. Tzvi is working as a business development intern and hopes to gain valuable experience during his time at CommunityLend and be a valuable asset to the company.

We also have a few open positions at the moment in case you might know of anyone who you think would make a great contribution to our growing team.  Find a link below:

Wherever you are across this great country, we hope you have a very active and prosperous May!

Best regards,

The CommunityLend Team