As consumers begin to emerge from their pandemic cocoons, they better closely manage their spending to avoid falling into a credit crunch, Canadian fintech Borrowell said. The company said the potential surge in “revenge spending” could hurt consumer credit scores if they become overly reliant… Read More
Familiar Faces This is the second year that I travelled to China for the LangDi FinTech Conference in Shanghai. What a difference a year makes? Last year, the conference had a massive showing of over 1,300 attendees. This year, the conference nearly doubled to 2,400… Read More
Borrowell, a Canadian Fintech firm that provides a safe way for Canadians to obtain three and five year fixed-rate loans at low interest, has raised $57 million in Series A funding round. The capital infusion included $12 million in equity and $45 million in a new credit… Read More
Adam Felesky and Paul Desmarais III today announced the closing of a new fund, Portag3 Ventures (“Portag3”), focused on the fintech sector. Felesky, a co-founder and former CEO of Horizons ETFs, has been named President and will run day-to-day operations at the fund. Paul Desmarais III,… Read More
OnDeck Capital, a U.S.-based online marketplace which offers short-term loans to businesses of between $5,000 and $250,000, is expanding its offerings in Canada, joining a growing number of tech-oriented lenders that promise to transform the financial services landscape, according to 680 news. Experts say Canada has… Read More
The consumer loan experience is getting an upgrade in Canada courtesy of some new players that are targeting the long waits and paperwork hassles of traditional loans and the high rates of alternative providers like payday loans. Experience in other markets like the US and UK… Read More
New peer lending platform Borrowell, has announced a significant seed funding round, plus loan commitments, in the amount of $5.4 million. The Canadian company received funding from key strategic investors including Equitable Bank, Oakwest Corporation Limited along with high profile individual investors including Roger Martin,… Read More
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