Borrowell Inc.

Borrowell Inc. in its $20 million Series B financing

Client

Borrowell Inc.

Value

$20 million

Service

Emerging and High Growth Companies

Date Closed

June 2019

Industry

Venture Capital

Lead Office

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) 


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

David Jamieson

David Jamieson

Associate, Emerging and High Growth Companies

Andrew Irwin

Andrew Irwin

Associate, Emerging and High Growth Companies

Isaac DaSilva Aboo

Isaac da Silva Aboo

Associate, Emerging and High Growth Companies