Home Capital makes $3 mln investment in VC-backed Lendified

Home Capital Group Inc (TSX: HCG) has made a $3 million strategic investment in Lendified, a Toronto-based financial technology company. Home Capital, a Canadian alternative lender, said the deal will support the growth of independent business owners and create digital banking solutions for its customers and partners. Lendified provides online loans to Canadian small businesses and a software-as-a-service credit platform to North American financial institutions. The investment follows last month's $15 million financing of Lendified, led by WD Capital Markets and INFOR Financial.

CanadaNorth AmericaBriefs