Financeit

After Ottawa abruptly ended the federal Greener Homes Loan program this summer, thousands of Canadians were left without affordable financing for home upgrades. Toronto fintech Financeit swiftly responded with a national Dealer Support Program to fill the gap. CEO Casper Wong said the initiative offers faster approvals, broader eligibility, and loans up to $100,000 — far exceeding the former program’s $40,000 limit.

Financeit’s digital platform connects 14,000 dealers with homeowners, enabling transparent, flexible financing for renovations, energy retrofits, and emerging technologies such as solar and EV charging. With $6.8 billion in loans funded, Financeit continues to anchor Canada’s home-improvement fintech sector.

Want to know more? Check out the source code on Fintech.ca.

Toronto-based Financeit has announced the acquisition of rival Simply Group Financial, further expanding its share of the Canadian home improvement financing market.

The deal includes Simply Group’s assets, which include SNAP Home Finance and certain assets of EcoHome Financial, amounting to over $1.5 billion.

Financeit aims to enhance its market footprint and commitment to point-of-sale financing in Canada through this acquisition. The terms of the transaction were not disclosed.

Simply Group’s 180 employees will join Financeit, allowing the combined companies to leverage superior technology and offer an improved customer experience.

Want to know more? Check out the source code on the Financial Post.