Financial technology (fintech) has been a transformative force across the financial services landscape, especially in the realm of small business lending. At the forefront of this evolution stands Borrowell, a leading Canadian fintech company that embodies the essence of innovation, accessibility, and empowerment. As fintech continues to reshape the industry, Borrowell has emerged as a key player in democratizing financial stability, offering sophisticated, data-driven solutions that set new standards in evaluating creditworthiness.

Borrowell’s mission is clear and impactful: to make financial stability accessible to everyone. The company’s groundbreaking initiative to offer free credit scores reflects its commitment to providing individuals with the essential tools and insights needed to understand and manage their credit. With a user base surpassing one million members, Borrowell is not just a participant but a leader in Canada’s fintech landscape. Their dedication goes beyond offering numerical scores; it extends to fostering financial literacy and empowerment among their users.

The industry has taken note of Borrowell’s significant impact and rapid growth. The company’s impressive fourth-place ranking on the Deloitte Technology Fast 50™ list of the fastest-growing Canadian companies highlights its dynamic expansion and influence within the fintech sector. Additionally, being named one of App Annie's Breakout Finance Apps for 2019 underscores Borrowell’s innovative spirit and its substantial impact on the financial app ecosystem.

Empowering Financial Futures through Comprehensive Services

Borrowell, positioned at the forefront of Canada's financial technology (fintech) landscape, serves as a driving force in reshaping individuals' financial trajectories. With a diverse range of cutting-edge services, Borrowell goes beyond providing mere financial tools; it emerges as a guiding influence, nurturing a profound understanding of users' financial positions and laying the foundation for a secure and empowered financial journey.

Free Credit Score in Canada: Borrowell's impact commences with the provision of free credit scores and reports, a service embraced by over two million Canadians. Beyond offering numerical representations, Borrowell's tools empower users to grasp the intricacies of their credit in a user-friendly manner, all within a concise three-minute timeframe. Regular updates on score changes, along with complimentary Equifax credit reports, underscore Borrowell's commitment to ensuring users proactively manage and retain control over their credit health.

Credit Builder: In the realm of credit building, Borrowell takes a progressive step forward. The innovative Credit Builder, operating as a secured installment loan, serves as a strategic instrument for users seeking to enhance their creditworthiness. What sets this approach apart is the absence of a hard credit check, providing users a path to credit improvement without the typical implications. Payments made are meticulously reported to credit bureaus, and at the end of a 36-month journey, users witness tangible outcomes of their financial discipline – total savings deposited directly into their bank accounts.

Personal Loans: Enrolling with Borrowell opens a gateway to a myriad of financial possibilities. Beyond providing users with a free Equifax credit score, Borrowell offers an instant assessment of approval chances for various loans. Leveraging partnerships with over 50 financial entities in Canada, Borrowell goes above and beyond, facilitating quick comparisons and tailoring loan options based on the unique financial profiles of its users. This commitment to financial well-being is further emphasized through a weekly tracking mechanism that keeps users informed about their credit health, accompanied by personalized tips for ongoing improvement.

Mortgage Solutions: Recognizing the pivotal role credit scores play in securing favorable mortgage rates, Borrowell ensures users are well-prepared. Access to free credit reports, actionable tips for score improvement, and a seamless comparison of mortgage options across Canada define Borrowell's approach. However, Borrowell doesn't stop at mortgages; it provides users with a spectrum of choices, including personal loans, lines of credit, credit cards, and debt consolidation. This multifaceted approach empowers users with the tools needed for astute financial management, ensuring that Borrowell is not just a service provider but a strategic partner in the financial journey.

Insurance Services: Borrowell's expertise extends beyond credit-centric services to insurance recommendations, reflecting a holistic approach to financial well-being. Collaborating with top brokers and providers, Borrowell guides users in comparing home, auto, and various insurance products. The fusion of technology and financial acumen ensures that product suggestions align seamlessly with users' unique financial profiles. Beyond recommendations, Borrowell provides valuable tips to enhance credit scores, potentially leading to reduced insurance rates – a testament to Borrowell's commitment to holistic financial empowerment.

Borrowell transcends its role as a fintech innovator, standing as a trusted partner offering a comprehensive suite of services that simplifies financial management. By promoting financial well-being, Borrowell becomes a beacon for individuals across Canada, guiding them towards a secure and empowered financial future.

The Visionary Leader

Andrew Graham is co-founder and CEO of Borrowell. Andrew has a keen interest in public policy and previously worked in the federal government as a senior aide to two cabinet ministers. He is a former president of the Banff Forum and of the Canadian Club of Toronto.

Andrew holds an MBA from Harvard Business School and an MA in economics from the University of Edinburgh. He was named EY Entrepreneur of the Year (Emerging Entrepreneur category) for Ontario in 2019.

“Our commitment to innovation and user empowerment drives us to continually evolve and provide unparalleled value in the fintech world.”