Financeit Expands Executive Roster with Seasoned CFO from the Capital Markets

Chris Lynch joins Financeit as Chief Financial Officer

TORONTO, March 6, 2018 /CNW/ - Financeit, one of North America's fastest growing point-of-sale payment plan providers, today announced the addition of Chris Lynch to their executive roster, filling the position of Chief Financial Officer (CFO).

Prior to Financeit, Lynch held the role of Chief Financial Officer of AlarmForce Industries Inc. where he managed all financial facets of the company including accounting, treasury, tax and investor relations. Lynch was also a core asset in the development and execution of strategic plans, which lead to an organizational turnaround and sale of the company to BCE Inc. for a 71% premium.

Previous to AlarmForce, he held the title of Senior Vice resident, Corporate Finance & Treasurer for Brookfield Global Relocation Services and Brookfield Residential Property Services, where his responsibilities included leading the financial planning & analysis, pricing, treasury, securitization and corporate finance functions.

"Chris will play an integral role in accelerating our growth efforts in the market," says Michael Garrity, Founder and CEO, Financeit. "His operational skills, business acumen and financial markets experience will help us deliver exceptional value to our shareholders which is fundamental to our development and expansion."

"I'm thrilled to be joining this team during such a critical stage," says Chris Lynch. "Financeit has continued to set an example in the Canadian fintech landscape and I'm looking forward to adding my experience to the professional executive team."

This news follows a pivotal investment from long-time partner Goldman Sachs, resulting in a majority ownership position, and an earlier addition to the executive rungs, with Dante Tamburro joining Financeit as General Counsel and Chief Compliance Officer. Both Lynch and Tamburro's experience and leadership will be central to helping Financeit prepare for their upcoming milestones, including geographic expansion plans and a 360 approach to home improvement, with the newly acquired Centah Inc., a leading home improvement software company.

About Financeit
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 serviced over 7,000 merchant partners across Canada, processing more than $2.5 billion USD in loan applications.

SOURCE Financeit Canada Inc.

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