It is very evident that in today’s economy, with rising inflation and an overall higher cost of living, more and more Canadians are living paycheck to paycheck. With over 2 million Canadians a year utilizing payday loans, the demand for this type of financial service has never been higher.
Until recently, the only entry point for entrepreneurs to service this growing industry was to open an expensive brick-and-mortar store that comes with ongoing staffing, security, and operational challenges. Now, through the advancement of technologies and a company with a clear vision, a better online option is available.
We are a Vancouver-based software company that has developed a fully automated lending platform tailored to the payday lending industry. Launched in 2018, our robust AI and machine learning technology stack has successfully processed thousands of online loan applications across Canada. This online format also yields a much better borrower’s experience from the convenience of completing all of the application steps anytime of the day within the comforts of their own home.
Our turnkey package performs all aspects of the day-to-day business operations for you, from marketing and lead generation to loan applications, approvals, collections, and client support. This model presents an opportunity for individuals to enter into this lucrative industry with their own fully automated online lending business within an exclusive territory. You get a passively run online payday lending site combined with all of the small business ownership benefits.
No prior lending experience is needed to navigate this business venture, and the company provides full assistance with the required provincial licensing requirements and all other initial setup steps. Contact us today to learn more about this exciting opportunity and how you can profit from this revolutionary lending model.
Please Note: This licensing opportunity is available to Canadian citizens and/or residents only, currently living in Canada. Also, the industry is federally regulated and governed by provincial laws; therefore, a successful applicant will require approval by the regional Consumer Protection Agency for the Payday Loan Lending License and sufficient capital to service their market.
Ontario territory fees from $125K and minimum lending capital from $200K
Please Note: This Licensing opportunity is available to Canadian citizens and/or residents only, currently living in Canada. Also, the industry is Federally regulated and governed by provincial laws; therefore, a successful applicant will require approval by the regional Consumer Protection Agency for the Payday Loan Lending License and sufficient capital to service their market
