Financeit logo
Founded 2007

Financeit

2021 Revenue

$20.2M

YOY

Funding

$60.7M

How Financeit hit $20.2M in Revenue.

About Financeit

Provider of a consumer financing platform to small businesses. The company offers their customers payment options from anywhere at anytime and empower them to buy more of what they really want. It is designed with both small to medium sized businesses and their customers in mind.

Monthly Revenue

$1.7M

Total Expenses

$1.7M

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

Canada
$Funding$Revenue

Financeit Revenue

In 2021, Financeit revenue run rate hit $20.2M in revenue.

$20.2M

Financeit Valuation and Funding History

Financeit has raised a total of $60.7M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
10/06/2016$17.0M
10/23/2015$12.0M
11/13/2014$10.3M
11/19/2013$13.0M
05/01/2012$3.0M
02/01/2010$1.2M
06/01/2009$1.3M
10/01/2007$2.5M
05/01/2007$400.0K

Customers

Financeit has 0 customers.

Lifetime Months

×
Monthly ARPU

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$0$0.0024681012

Churn

Financeit has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%

Team

Employees

Financeit has 241 employees. They have 26 sales reps that carry a quota They have an engineering team of 33. and a marketing team of 8.

2021
DistributionQty

Total Team Size

241

Engineers

33 (14%)

Sales

26 (11%)

Marketing

8 (3%)

CEO/Founder

Michael Garrity


CEO Q&A

What's your age?

-

Favorite online tool?

-

Favorite book?

-

Favorite CEO?

-

Advice for 20 year old self

-


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Frequently Asked Questions about Financeit

When was Financeit founded?

Financeit was founded in 2007.


Who is the CEO of Financeit?

The CEO of Financeit is Michael Garrity


How many employees does Financeit have?

Financeit has 241 employees.

How much revenue does Financeit generate?

Financeit generates $20.2M in revenue.


How much funding does Financeit have?

Financeit has raised $60.7M.


Where is Financeit headquarters?

Financeit is headquartered at Canada

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