Lending, rebuilt as software. This Oshawa #1 business uses artificial intelligence to take every loan from application to collection without staff or a storefront.
The technology
- Every step automated: application, risk analysis, documentation, payout and collections
- Automated marketing and lead generation to bring in borrowers
- Builtin borrower support
- Open 24/7/365, so borrowers can apply whenever they need to
- Funds reach borrowers within minutes
- No storefront and no staff: run it from home or anywhere online
- Proprietary platform, in live use since 2018
- AI and machinelearning loan decisioning
What's included
- The exclusive Oshawa #1 territory
- A readybuilt, borrowerfacing lending website
- Onboarding and training on the platform
- Full help obtaining a Ontario payday loan licence
Investment & costs
- Asking price: $100,000 to $280,000 CAD, the total investment covering the territory and the lending funds the business needs
- The business runs on TaxCash's platform under a SaaS Agreement: $1,600 per month data fee plus 5% per transaction
- No vendor financing
- Revenue and cash flow: undisclosed, as this territory has no trading history
Who it suits: buyers who want a fintech business and would rather oversee software than manage staff. Open to Canadian citizens or permanent residents living in Canada, as the provincial licence requires.
Send an enquiry through this listing to learn more about the Oshawa #1 business.
