FFL invests $60 mln in Canadian consumer lender SNAP Financial Group
Canadian consumer lender SNAP Financial Group has secured a $60 million investment from U.S. mid-market private equity firm FFL. The partnership with FFL is intended to assist SNAP in growing to meet market demand, expanding its services and exploring channels where it can provide new and effective financial solutions. Based in Vanvouver, SNAP is primarily focused on the home and auto finance segments. Since its founding in 2006, it has originated more than $600 million of consumer loans. Based in San Francisco, FFL specializes in investing in a range of sectors, including financial services.
29 May 2014•3 mins read
