Borrowell is a Canadian fintech startup founded in 2014 with a mission to promote financial prosperity by providing free credit scores, rent payment reporting, educational resources, monitoring tools, and personalized product recommendations. With over 3 million members, they have witnessed significant credit score improvement among their users. The company has received recognition for its work culture, being named among the Best Workplaces in Canada, Globe and Mail’s Top Growing Companies, LinkedIn’s Top 15 Startups in Canada, and CB Insights’ Top 250 Fintechs. Positioned in the AI and Finance sectors, Borrowell has recently secured Debt Financing investment in January 2022. The company's commitment to diversity and inclusion is reflected in their gender-balanced team, where half of the members identify as women or non-binary. As Borrowell continues to expand, it seeks passionate individuals to join their team and further their goal of giving Canadians more choices in financial services.
Borrowell
We help over 3 million Canadians understand, build and use their credit.
Toronto, Canada
114 employees
Debt Financing
Total: $113.80M
AI, Finance +2
General Information
Toronto, Canada
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About Borrowell
Business keywords: Credit Education, Credit Scores, Digital Tools, Credit Monitoring, Personal Finance, Online Lending, Marketplace Lending, Consumer Loans, Savings Accounts, Wealth Management, Mortgages, Diversity and Inclusion
Funding Rounds & Investors (7)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Debt Financing | Undisclosed | - |
|
01 Jan 2022 |
| Series C | $25.00M | 8 |
|
22 Feb 2021 |
| Series B | $20.00M | 6 |
|
17 Jun 2019 |
| Debt Financing | $45.00M | 2 |
FirstOntario Credit Union, Concentra Bank
|
21 Jul 2017 |
| Series A | $12.00M | 6 |
|
21 Jul 2017 |
| Debt Financing | $6.40M | 6 |
|
23 Feb 2016 |
| Seed Round | $5.40M | 7 |
|
03 Dec 2014 |
Borrowell Alternatives & Competitors
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FAQ About Borrowell
Source: BounceWatch company record for Borrowell, https://bouncewatch.com/company/borrowell, updated 30 December 2024. When citing, please name BounceWatch and link this page.
