Home Capital Group Inc. and Lendified Holdings Inc. Announce Strategic Investment
Summary
Together, Lendified and Home Capital are leveraging their strengths in mortgage and credit adjudication and underwriting to support the growth of small business in Canada. “Our investment in Lendified will help us deliver on our objectives of empowering the growth of independent business owners and creating innovative digital banking solutions for our customers and partners.” Troy Wright, CEO of Lendified, commented: “Lendified has been working with Home Capital for a number of years on several key initiatives and this investment reflects the significant relationship that exists between the two organizations and the opportunities going forward. The company offers online loans to small businesses across Canada and a SaaS credit platform to financial institutions across North America. Lendified’s innovative technology has been featured by The Globe and Mail, Financial Post, Bloomberg, Toronto Star and more. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.