Borrowell seeded with $5.4 mln to launch online lending platform
Borrowell has secured $5.4 million in seed-stage financing and commitments. The funds came from a mix of angel and corporate investors, including Equitable Bank, Oakwest Corp, Roger Martin, John Bitove and Dan Debow. Planning on an official launch in early 2015, the Toronto-based Borrowell has established an online lending platform intended to provide consumers with better borrowing options. Investment proceeds will be used to support the platform's launch and help the company in hiring new employees.
3 December 2014•2 mins read
