Borrowers in Kitchener apply online at any hour and have funds within minutes, while machine learning does the underwriting. This is a fully automated online lending business for sale.
The technology
- Proprietary platform, in live use since 2018
- AI and machinelearning loan decisioning
- 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
What's included
- The exclusive Kitchener 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: tech-minded buyers looking for an automated business with no premises to lease. Open to Canadian citizens or permanent residents living in Canada, as the provincial licence requires.
Enquire through this listing to start the conversation about Kitchener.
