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Financeit Appoints Fintech Chief Andrew Lo as President

TORONTO , Might 22, 2020 /CNW/ – Financeit is happy to announce the appointment of recent firm President, Andrew Lo . Andrew joined Financeit in early 2020 in a consultative position and was appointed by CEO, Michael Garrity , to President efficient Might 10th .

Andrew Lo (CNW Group/Financeit)

Andrew might be an integral member of the senior administration crew.

Andrew is a digital thought chief and influencer who steadily shares his experience at insurance coverage and monetary companies conferences throughout Canada . He just lately served as President & CEO of Kanetix Ltd., Canada’s largest digital acquisition platform for insurance coverage and monetary companies. The group was offered to the Ontario Academics Pension Plan in 2018. Previous to this, Andrew served in senior govt roles in FinTech firms comparable to Filogix and D+H (now Finastra), the place he centered on rising organizations from startups into trade shaping ventures with over 5,000 workers.

Andrew brings a wealth of expertise, character, and experience that can drive profitable enterprise outcomes. He has over 20 years of transformative success with a deep understanding of know-how, and a eager eye for digital options.

“As we proceed to give attention to class management in each cloud-based level of sale financing and lead era administration options for world enterprise purchasers, Andrew’s expertise as a senior govt in know-how enabled firms in each monetary companies and demand era makes him a unicorn kind of addition to our management crew,” mentioned CEO Michael Garrity , “It is a strategic addition I could not be happier to announce”.

Financeit Founder, CEO & present President, Michael Garrity will stay the corporate’s CEO in addition to the Chairman of the Board of Administrators.

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About Financeit

Financeit is Canada’s market-leading point-of-sale financing supplier servicing the house enchancment, leisure car, and retail industries. Based mostly in Toronto, Ontario , Financeit’s modern cloud-based know-how makes it straightforward for retailers to extend shut charges and transaction sizes with reasonably priced buyer financing options. The Financeit platform contains a quick, clear utility course of and has serviced over 8,000 service provider companions throughout Canada , processing greater than $5 billion in loan purposes. In 2017, Financeit bought a market main lead and workflow administration options firm, Centah, to increase its market providing to enterprise purchasers within the House companies trade globally.

Financeit emblem (CNW Group/Financeit)

Jung Min-seo


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