Under the terms of the deal, the point of sale finance solution will integrate seamlessly with Pivotal Payments merchant services enabling merchants across North America to process loans directly at the point of sale.
To date, FinanceIt has received over USD 320 million in loan applications from more than 2,240 merchant partners.
Pivotal Payments provides merchant services, including credit and debit card processing, electronic cheque conversion, merchant cash-advance programs, loyalty/gift card programs and terminal management services.
FinanceIt is a sales financing tool for Canadian retail, vehicle, home renovation and healthcare companies that provides financing application approvals, an online interface for submitting and tracking financing applications.
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