Borrowell Inc.
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Borrowell Inc. - overview
Established
2014
Location
Toronto, ON, Canada
Primary Industry
Financial Services
About
Based in Toronto, Canada, and founded in 2014, Borrowell Inc. is a fintech company that assures financial stability to its customers through various services. Andrew Graham, the CEO, and Eva Wong, the COO, are the company's co-founders. In 2014, Borrowell raised USD 5.
4 million in seed financing from Equitable Bank and Oakwest Corporation Limited. In February 2021, the company raised USD 25 million in new funding and completed the acquisition of Refresh Financial. The company’s free mobile application called Borrowell can be downloaded from the apple store and play store. This application provides users with their Equifax credit score, an AI-powered credit coach named Molly helps share personalized tips, articles, and tools that will improve credit score.
The application helps to track bills and credit scores and analyzes user's credit profiles and goals to make personalized credit card recommendations. This credit profile can also be used by users to find suitable personal loans and mortgages through the same platform, similarly, the platform also assists in finding personal banking partners and insurances. Borrowell plans to launch several new tools and features in the coming months including Borrowell Boost, a new mobile tool that helps people get ahead of their bills.
Current Investors
Freycinet Ventures, Equitable Bank, Oakwest Corporation
Primary Industry
Financial Services
Sub Industries
e-Financial, Internet, Accounting/Finance Software
Website
www.borrowell.com
Verticals
Artificial Intelligence, FinTech, Mobile Apps
Company Stage
Series C
Total Amount Raised
Subscriber access only
Borrowell Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Refresh Financial Inc. | - |
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