Fintech platform Borrowell lands $20 mln in Series B financing
Toronto-based financial technology company Borrowell has raised $20 million in a Series B financing. The round, which consists of equity and venture debt, was led by Canadian venture capital firms White Star Capital and Portag3 Ventures, according to a report by the Globe and Mail. Other investors included Clocktower Ventures, Argo Ventures, Silicon Valley Bank and Gaingels, a U.S. LGBT investment group. Founded in 2014 by CEO Andrew Graham and COO Eva Wong, Borrowell provides customers in Canada with a online platform for personal loans, financial recommendations and free credit monitoring services. The round's proceeds will be used for developing new products.
17 June 2019•2 mins read
