On February 22, 2021, Borrowell completed its $25 million financing round. The equity funding included support from a number of new and existing investors and will be used to fund Borrowell’s recent acquisition of Refresh Financial. The proceeds will also be used for overall growth and working capital. The financing brings Borrowell’s total funding to date to over $97 million.
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 consisting of Chad Bayne, Michael Grantmyre, Andrew Irwin, Chres Lee (Emerging and High Growth Companies), Brian Gray and Alexandra Alacchi (Corporate).