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)