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Lending platform Borrowell has received $6.4m in operating and loan capital from a series of investors including Equitable Bank, Hedgewood and Power Financial Corporation amongst others.
The Canadian fintech startup provides loans that helps consumers refinance credit card debt.
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The amount is one million more than the $5.4 million Borrowell raised in December of 2014 to launch its lending marketplace. Equitable Bank is a follow-on investor from that round, but the big name today is financial giant Power Financial, which also invested in Wealthsimple’s $30 million Series A.
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