Tech Company Financing Transactions
Borrowell Funding Round
Borrowell, operating out of Toronto ON, secured $5.4 million from Equitable Bank, private investors and Oakwest.
Transaction Overview
Company Name
Announced On
12/5/2014
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$5,400,000
Round
Seed
Investors
Proceeds Purpose
Borrowell will use the funds to launch a lending platform for Canadian borrowers in Q1 2015, powered by technology that provides instant loan approval for qualified borrowers. Funds will also be used to expand Borrowell's growing team.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
33 Yonge Street 1301
Toronto ON, M5E 1G4
Canada
Toronto ON, M5E 1G4
Canada
Phone
Website
Email Address
Overview
Borrowell is Canada's premier online lending marketplace. We offer fast, fair and friendly personal loans for Canadians. Pay off credit cards from 5.6% APR.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andrew Graham
Chief Financial Officer
Jeffrey Yim
Chief Operating Officer
Eva Wong
General Manager
Michael Chittenden
General Manager
Simon Wyse
VP - Product Management
Larissa Holmes
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