CreditGenie provides a digital solution to SMEs in the retail, healthcare and education sectors to help them extend financing to their customers for large purchases. The company helps businesses acquire new customers and increase their average spend, by offering the ability to split purchase amounts into affordable installments through instant credit approvals.
Expert Collections containing CreditGenie
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
CreditGenie is included in 2 Expert Collections, including SMB Fintech.
Excludes US-based companies
Latest CreditGenie News
May 29, 2019
29th May 2019 Canadian company Purpose Financial has extended its digital services by acquiring fully digital alternative payment solution CreditGenie, reports Jane Connolly. “A natural extension of our Banking Solutions platform” Toronto-based CreditGenie helps SMEs in the retail, healthcare and education sectors to increase their customers’ purchasing power, by enabling instant credit adjudication at the point-of-sale. Since it was founded in 2016, CreditGenie has partnered with nearly 500 merchants in 12 Canadian provinces and territories. Som Seif, CEO of Purpose, says: “Purpose is singularly focused on driving innovation in Canada’s financial services industry. CreditGenie, with its innovative point-of-sale financing solution, represents a natural extension of our Banking Solutions platform.” This latest deal follows Purpose’s investment in banking-as-a-service technology platform provider Ario and its acquisition last year of small business financing provider, Thinking Capital – both of which are fellow Canadian businesses. Purpose is a portfolio company of the growth equity investment arm of Canadian pension fund OMERS.
CreditGenie Frequently Asked Questions (FAQ)
When was CreditGenie founded?
CreditGenie was founded in 2016.
Where is CreditGenie's headquarters?
CreditGenie's headquarters is located at 25 Liberty Street, Unit 202, Toronto.
What is CreditGenie's latest funding round?
CreditGenie's latest funding round is Acquired.
Who are the investors of CreditGenie?
Investors of CreditGenie include Purpose Investments.