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Toronto based fintech and credit education startup raised $25m in Series C funding from Kensington Capital Partners, BDC Capital, iA Financial Group, Impact Engine and insiders Portag3 Ventures, White Star Capital, National Bank of Canada and Equitable Bank.
“This acquisition and fundraise allow us to double-down on our strategy of helping consumers achieve their financial goals,” said Andrew Graham, co-founder and CEO of Borrowell. “With an expanded team across the country and a comprehensive suite of credit building solutions, we’re eager to help even more Canadians access credit products that meet their specific needs and maximize their long-term financial health. All Canadians deserve a fair shot at building credit history, accessing affordable credit, and reaching their financial goals. We believe Borrowell can help make that a reality.”
https://www.banklesstimes.com/2021/02/22/borrowell-celebrates-acquisition-25m-raise/
