TORONTO , May 22, 2020 /CNW/ - Financeit is pleased to announce the appointment of new company President, Andrew Lo . Andrew joined Financeit in early 2020 in a consultative role and was appointed by CEO, Michael Garrity , to President effective May 10th .
Andrew will be an integral member of the senior management team.
Andrew is a digital thought leader and influencer who frequently shares his expertise at insurance and financial services conferences across Canada . He recently served as President & CEO of Kanetix Ltd., Canada's largest digital acquisition platform for insurance and financial services. The organization was sold to the Ontario Teachers Pension Plan in 2018. Prior to this, Andrew served in senior executive roles in FinTech companies such as Filogix and D+H (now Finastra), where he focused on growing organizations from startups into industry shaping ventures with over 5,000 employees.
Andrew brings a wealth of experience, character, and expertise that will drive successful business outcomes. He has over 20 years of transformative success with a deep understanding of technology, and a keen eye for digital solutions.
"As we continue to focus on category leadership in both cloud-based point of sale financing and lead generation management solutions for global enterprise clients, Andrew's experience as a senior executive in technology enabled companies in both financial services and demand generation makes him a unicorn type of addition to our leadership team," said CEO Michael Garrity , "This is a strategic addition I couldn't be happier to announce".
Financeit Founder, CEO & current President, Michael Garrity will remain the company's CEO as well as the Chairman of the Board of Directors.
Financeit is Canada's market-leading point-of-sale financing provider servicing the home improvement, recreational vehicle, and retail industries. Based in Toronto, Ontario , Financeit's innovative cloud-based technology makes it easy for merchants to increase close rates and transaction sizes with affordable customer financing solutions. The Financeit platform features a fast, transparent application process and has serviced over 8,000 merchant partners across Canada , processing more than $5 billion in loan applications. In 2017, Financeit purchased a market leading lead and workflow management solutions company, Centah, to expand its market offering to enterprise clients in the Home services industry globally.
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