Lendful raises equity funding from Alterna, prepares for Series A
Online lending platform Lendful Financial Inc has raised undisclosed equity financing. The investors included Canada's Alterna Savings, parent company of Alterna Bank, which provided debt funding to the startup in January. Vancouver-based Lendful, which is also backed by Stanley Park Ventures and Ferst Capital Partners, said it is also preparing for a Series A round in early 2017. Founded in 2015, Lendful provides unsecured loans of up to $35,000 to consumers across Canada. It said it recently made senior management hires, as well as technology enhancements.
24 October 2016•3 mins read
