Financeit, a provider of home improvement financing solutions, has tapped Capital One Canada’s Ian Hanning as its new CFO to help lead the platform into its next stage of maturity, expanding its market share in the point-of-sale financing industry.
“Fintech is still in its infancy stage in Canada but it is the future of the financial services sector, particularly in the lending space,” explained Hanning. “I am excited to be part of Financeit and impart my expertise to help bring more innovative financing solutions that will exceed the expectations of Financeit’s merchant partners.”
With 20 years’ experience managing and leading finance teams in Canada and the UK, Hanning served as Capital One Canada’s CFO for nearly five years.
“Ian’s strength in managing financial operations and building financial structures from the ground up will be a great asset to our company as we expand our loan portfolio and grow our business,” stated Financeit Founder and CEO Michael Garrity. “With many positive changes coming to Financeit as a result of our recent transaction, we’re pleased to have Ian bring his wealth of experience within the banking sector to our executive team.”
Hanning’s entry into Financeit comes on the heels of the company’s $339 million acquisition of TD Bank Group’s indirect home improvement financing assets in partnership with Concentre, which involves the transition of approximately 800 merchant dealers to Financeit, signalling a new era of growth and opportunity for the company.