This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

FinanceIt Launches IPad App Enabling Businesses To Offer Consumer Financing From Anywhere

New app for the iPad allows instant point of sale financing for merchants with retail, home improvement and healthcare businesses.

TORONTO, July 4, 2013 /PRNewswire/ - FinanceIt announced today the launch of their iPad app which will be available in early August. The app will make it easy for businesses to offer consumer financing by using the iPad camera to scan a photo ID for an instant loan approval. This feature, along with a completely paperless process, will reduce the entire funding process to less than 5 minutes. Access to the first release of the app will be limited, and granted on a first come, first served basis for those who register.

(Photo: http://photos.prnewswire.com/prnh/20130704/TO756)

Since launching in 2011, FinanceIt has enabled over 2,300 retail, home improvement, health, and vehicle businesses to process over $380 million in loans. "We provide small and medium sized businesses with the tools they need to compete with big box retailers. By taking advantage of marketing programs like "0% financing" or "don't pay for 12 months" these businesses can gain a significant competitive advantage at no additional cost." said FinanceIt COO, Casper Wong.

With 80% loan approval rates and no cost to merchants, FinanceIt's mobile application is poised to disrupt the retail credit card industry. With the scan of a drivers license, FinanceIt's iPad app provides instant point of sale financing for loans under $5,000.

Details of the first app release:

     Quote a monthly payment from anywhere      Approval rates as high as 80%      Completely free to use, no merchant fees      Paperless with electronic signatures      Instant approvals using the camera to scan photo ID      Loans under $5,000      Marketing programs with deferral periods and 0% interest financing      Interest rates starting at 6.99%

In Fall of 2013 a second version of the app will be released which will include the vehicle program and maximum loan amounts of up to $60,000 - both of which are currently available through the web platform.

The FinanceIt app will initially be available to businesses in retail, healthcare, and home improvement - including furniture and electronic stores, dental practices, home renovation contractors, and other similar retail businesses. Interested merchants can sign up today at www.financeit.ca/ipad

Video about how FinanceIt helps merchants offer financing at the point of sale: http://www.youtube.com/watch?v=ucZe-slZq38

About FinanceIt FinanceIt is an internet application which enables retail, vehicle, home improvement and healthcare businesses to offer consumer financing at the point of sale. FinanceIt is the preferred financing platform of over 2300 businesses; who together have processed more than $380 million in loan applications. Founded in 2010, and headquartered in Toronto, FinanceIt is currently available in Canada - with plans to expand to the U.S. in early 2014. For more information please visit www.financeit.ca

SOURCE FinanceIt

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs