Borrowell

lendingonline loans

FOUNDING YEAR: 2014
LOCATION: Canada
Last Update: 10/07/2020

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About

Borrowell is an online marketplace lending platform.

Focus

PRODUCTS & SERVICES

Personal loans & credit scoring services

REVENUE MODEL

The revenue is generated from origination fee (~1-5% of your loan proceeds)

MAIN CLIENTS

Retail Borrowers

EXISTING PARTNERSHIPS

Equitable Bank and Oakwest Corporation

Traction

VALUATION / MARKET CAP:

$36 M in 2015

People

FOUNDERS

Eva Wong

Andrew Graham

Salim Naran

Scott Laitinen

BOARD MEMBERS AND ADVISORS

James Appleyard

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Concentra Bank

Equitable Bank

FirstOntario Credit Union

Freycinet Ventures

Gaingels

Hedgewood

Portag3 Ventures

Power financial

Ryerson Futures

Silicon Valley Bank

White Star Capital

Momentum

FUNDED

YES

TOTAL FUNDING

$15.24 M

DATE OF LAST FUNDING

Jun 2019

TOTAL FUNDING COMMENT

Received $57m in debt & equity financing in July 2017

SEED & PRIOR FUNDING

$5.4 M

SEED CLOSED ON

Dec 2014

FUNDING SERIES

SERIES A  · $9.57 M  · Jul 2017

SERIES B  · $271.38 K  · Jun 2019

DEBT FUNDING

$6.4 M

LISTED

NO

COMMENT

The company was selected as fintech winner in the 4th Annual Canadian FinTech & AI Awards 2018.

BASICS

FOUNDING YEAR:

2014

LOCATION:

Canada

Views:

549 VISITORS | 862 VIEWS
LATEST FUNDING ROUND

$15.2 M

TOTAL EMPLOYEES
51-200

About

Borrowell is an online marketplace lending platform.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
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