Online loan provider Lendful raises $15 mln from Alterna Bank
Lendful, a Vancouver-based lending technology startup, has secured $15 million in funding from Alterna Bank, a subsidiary of Canadian credit union Alterna Savings. Founded early last year by CEO Alex Benjamin, Director Mike Benna and Head of Credit John van Oosterhout, Lendful is an online lending marketplace that provides Canadians with up to $35,000 in loans at interest rates that can save borrowers as much as 30 per cent when refinancing. Since approving its first loan last September, Lendful has seen $20 million in loan applications, the company reported. It is also backed by Stanley Park Ventures and Ferst Capital Partners.
6 January 2016•3 mins read
