Expanding its footprint in the recreational vehicle market, the Canadian fintech company partners with the biggest recreational vehicle association in Canada
Financeit is excited to announce a new partnership with the Recreation Vehicle Dealers Association of Canada (RVDA). The partnership will see members of the RVDA gain first-hand knowledge of financing programs designed for the RV space and exclusive access to the Financeit proprietary technology.
The RVDA has been operating since 1986 and is a professional trade organization that supports Canadian retail businesses within the recreation vehicle (RV) industry. The association represents nearly 90 per cent of the over 400 RV dealerships in Canada; a sector that contributes over $3.4 billion to the Canadian economy on an annual basis. In addition to providing memberships, the RVDA helps amplify the voices of its members, and advocate on behalf of them, while also maximizing the potential of the industry across the nation.
This partnership represents an opportunity to solidify relationships within the Canadian RV space. By providing Financeit’s technology and innovative financing programs to RV dealers all across the country, Financeit will help foster and grow the membership of RVDA as well as facilitate an increase in the financial innovation within the sector. The partnership is a continuation of the existing relationship Financeit has with the Ontario Recreational Vehicle Dealers Association (ORVDA) and GOrving which both fall under the RVDA umbrella.
Financeit’s commitment to partnerships has played an essential role in continuing to fuel its growth, especially in H1 2022. The company’s overall volume loan growth sits at 84 per cent year to date and reported a record Q2 loan volume growth.
Financeit is a market-leading point-of-sale financing provider servicing the home improvement, vehicle, and retail industries. Financeit’s innovative 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 9,000 merchant partners across Canada, with over $2 billion in lifetime originations.
A national, volunteer federation of provincial and regional RVDA associations and their members, the Recreation Vehicle Dealers Association of Canada (RVDA) is a professional trade association that works on behalf of all retail businesses involved in the recreation vehicle industry. Advocacy, professional development and industry initiatives are developed by members, for members and delivered on their behalf by the RVDA.