Financeit, a market leading financial technology company offering a cloud-based point-of-sale financing platform, today announced the close of a minority equity financing round led by the Merchant Banking Division of Goldman Sachs (“Goldman Sachs”).

Leveraging the latest mobile and cloud-based technologies, Financeit’s lending platform enables merchants to increase revenue by offering their customers real-time consumer financing through fair and affordable monthly payment options. Financeit’s mobile technology uniquely brings financing to the point-of-sale wherever transactions take place, whether in-store, online or in-field.

“The point-of-sale finance space is in desperate need of better solutions for merchants, and fairer, more transparent financing options for consumers,” said Michael Garrity, Co-founder and CEO of Financeit. “The minority investment made by Goldman Sachs gives us growth capital to put our leading-edge financing platform into the hands of more merchants.”

With the financing in place, Financeit is focused on an accelerated growth strategy across Canada and the US.