Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX:HCG) and
Lendified Holdings Inc. (“Lendified”) are pleased to announce the
closing of a $3,000,000 strategic investment in Lendified by Home
Capital. Together, Lendified and Home Capital are leveraging their
strengths in mortgage and credit adjudication and underwriting to
support the growth of small business in Canada.
“Home Capital is well-positioned to serve the self-employed borrower,”
affirmed Benjy Katchen, Executive Vice President and Chief Digital and
Strategy Officer at Home Capital. “Our investment in Lendified will help
us deliver on our objectives of empowering the growth of independent
business owners and creating innovative digital banking solutions for
our customers and partners.”
Troy Wright, CEO of Lendified, commented: “Lendified has been working
with Home Capital for a number of years on several key initiatives and
this investment reflects the significant relationship that exists
between the two organizations and the opportunities going forward. We
are very excited to be positioning this collaboration for the future.”
About Lendified: Lendified is a leading Canadian
financial technology company founded by former bank executives. The
company offers online loans to small businesses across Canada and a SaaS
credit platform to financial institutions across North America.
Lendified’s innovative technology has been featured by The Globe and
Mail, Financial Post, Bloomberg, Toronto Star and more. For more
information, visit www.Lendified.com (lending)
and www.Judi.ai (SaaS
platform).
About Home Capital: Home Capital Group Inc. is a public
company, traded on the Toronto Stock Exchange (HCG), operating through
its principal subsidiary, Home Trust Company. Home Trust is a federally
regulated trust company offering residential and non-residential
mortgage lending, securitization of insured residential mortgage
products, consumer lending and credit card services. In addition, Home
Trust offers deposits via brokers and financial planners, and through a
direct to consumer deposit brand, Oaken Financial. Home Trust also
conducts business through its wholly owned subsidiary, Home Bank.
Licensed to conduct business across Canada, we have offices in Ontario,
Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.
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