Toronto-based lending marketplace, Lendful, secured $15M in venture financing led by Alterna Bank. This financing is billed as one of the largest deals of its kind in Canada. With Lendful, consumers can refinance their credit card debts quickly and step away from interest rates of 20 per cent or more on their monthly balances. It just makes so much sense for Canadians that are already dealing with record level of debt to find alternatives that save them money and time.
"This deal not only makes Lendful the best online lending option in Canada , but it has also boosted the reputation of the online lending industry as a whole," says Lendful co-founder and CEO Alex Benjamin . "There's a certain level of comfort and security knowing that a major player like Alterna Bank is involved.'