Canadian Fintech selected as preferred financing providing for leading Quebec Manufacturer
Today, Financeit, Canada’s leading point-of-sale (“POS”) financing provider in the home improvement sector, announced a new partnership with Fenplast to support its growing retailer network with innovative fintech solutions.
The partnership will empower Fenplast’s specialized retailer network with a wide range of flexible promotional programs, a high level of integration of Financeit’s innovative cloud-based technology platform, and dedicated team support from Financeit.
Ranked among the Best Managed Companies in Canada, Fenplast is a leading window and door manufacturer located in Quebec. Its products are distributed by a network of dealers located in Quebec and eastern Ontario. For the last 30 years, Fenplast has provided exceptional customer service and business performance. Over 400 employees and 80 retailers offer expert advice, dedicated support, and impeccable installations for home renovations projects. Furthermore, its dedication to designing energy-efficient products has made Fenplast one of the first Canadian manufacturers to be ENERGY STAR® certified for its entire product line.
“Since 1989, we’ve continued to bring unique solutions to the marketplace and support our retailers,” Sylvain Arbour, Marketing Director of Fenplast. “This partnership presents a new opportunity to support them even further by providing leading FinTech services that will enable them to service their customers more efficiently. We’re thrilled to select a Canadian partner to help us maintain a competitive edge and serve our network and customers better.”
“We’re pleased to partner with a leading Canadian company such as Fenplast and provide the growth tools they need for their dealer network and corporate office,” says Casper Wong, COO, GM, and Co-Founder of Financeit. “The company’s growth trajectory shows they are fearless in their approach to continuously innovate and invest in new technologies and practices to meet the evolving shifts in the home improvement industry.”
Financeit’s tremendous growth in 2020 garnered multiple accolades, including Canadian Business’ list of Canada’s Fastest-Growing Companies, The Globe and Mail’s list of Canada’s Top Growing Companies, and Deloitte’s 2020 Technology Fast 50™ Enterprise Fast 15 company. Most recently, Financeit announced a new $500 million strategic consumer lending agreement with the Royal Bank of Canada (“RBC”).
About Financeit
Centered around providing Canadians with Better Commerce for Better Living, Financeit is a market-leading point-of-sale financing provider servicing the home improvement, vehicle and retail industries. Financeit’s innovative cloud-based technology makes it easy for merchants to increase close rates and transaction sizes with affordable monthly or bi-weekly payment plans. The Financeit platform features a fast, transparent application process and has 3,000 active merchants partners across Canada, with over $1 billion in assets under management. For more information, visit www.financeit.io.
About Fenplast
Fenplast is a growing window and door manufacturer, located in Candiac on the south shore of Montreal. Its market extends throughout Quebec and eastern Ontario. More than 350 employees manufacture high quality windows, steel doors and PVC sliding doors. With exceptional customer service and business performance, Fenplast ranks among the Best Managed companies in Canada.