Emerging and High Growth Companies

Borrowell Inc. in its $20 million Series B financing

Borrowell Inc.
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Andrew Irwin

Associate, Emerging and High Growth Companies, Toronto

David Jamieson

Partner, Emerging and High Growth Companies, Toronto

On June 17, 2019  Borrowell closed a $20 million Series B consisting of equity and venture debt co-led by White Star Capital and Portag3 Ventures. The Series B round has brought the company’s total raised in equity to $26.7 million. The company also announced it has reached more than a million users, becoming Canada’s largest consumer FinTech company by user reach.

Borrowell is a Toronto based Fintech company that provides customers with an online platform for free credit score and report monitoring, automated credit coaching tools, and AI-driven financial product recommendations.

Osler, Hoskin & Harcourt LLP advised Borrowell with a team led by Chad Bayne and consisting of David Jamieson, Andrew Irwin and Isaac da Silva Aboo (Emerging & High Growth Companies) 

Value
$20 million
Date Closed
June 17, 2019
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Andrew Irwin

Associate, Emerging and High Growth Companies, Toronto

David Jamieson

Partner, Emerging and High Growth Companies, Toronto