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.
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.
