Financeit, the cloud-based point-of-sale platform, announced today that Ian Hanning has been appointed as its new CFO.
Hanning previously served as Capital One Canada’s CFO, and over the past 12 years has also held various senior positions within Capital One’s Canadian and United Kingdom operations. Hanning also sits on the board of ENACTUS Canada, an organization that aims to create global sustainability through entrepreneurship.
“FinTech is still in its infancy stage in Canada but it is the future of the financial services sector, particularly the lending space,” said Hanning. “I am excited to be part of Financeit and impart my expertise to help bring more innovative financing solutions that will exceed the expectations of Financeit’s merchant partners.”
Hanning’s entry into Financeit comes almost two weeks after the company, in partnership with Concentra, announced the acquisition of TD Bank’s indirect home improvement financing assets at $339 million. Financeit says that Hanning’s addition to the management team will help the company move into the next stage of growth as it continues to expand its market share in the point-of-sale financing industry.
“Ian’s strength in managing financial operations and building financial structures from the ground up will be a great asset to our company as we expand our loan portfolio and grow our business,” said Michael Garrity, founder and CEO of Financeit. “With many positive changes coming to Financeit as a result of our recent transaction, we’re pleased to have Ian bring his wealth of experience within the banking sector to our executive team.”