Michael Garrity

Michael Garrity

Executive Chair, Financeit

Michael Garrity is the Executive Chair and Co-Founder of Financeit, a market-leading point-of-sale financing provider servicing the home improvement, vehicle, and retail industries. 

With an extensive background in the finance and technology sectors, Michael established CommunityLend in 2007, which was later rebranded to Financeit in 2011. CommunityLend revolutionized lending in Canada by connecting borrowers seeking better rates directly with lenders looking for superior fixed-income returns, making it Canada’s first peer-to-peer lending service. Under Michael’s stewardship, Financeit evolved into a market-leading Point of Sale (POS) financing company.

During Michael’s tenure as CEO, the company completed multiple venture capital and private equity capital rounds, adding capital providers FIS Global and Goldman Sachs to his cap table.  In 2021, Financeit was successfully sold to a private equity firm for hundreds of millions of dollars.

Throughout his tenure, Michael grew the company to be a trailblazer in the Canadian fintech and open-banking spaces and an overall leader in the Canadian technology industry. He remains on the Board of Directors to continue providing his strategic thinking and insights as Financeit looks to achieve its next growth milestones. 

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