Fintech you can own in Kitchener: an online lending business where machine learning makes the decisions and automation does the rest.
The technology
- 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
- 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
What's included
- The exclusive Kitchener territory in Ontario
- A readybuilt, borrowerfacing lending website
- Onboarding and training on the platform
- Full help obtaining an Ontario lending licence through the Office of Consumer Credit Commissioner
Investment & costs
- Asking price: $250,000 to $400,000 CDN, the total investment covering the territory and the lending funds the business needs
- The business runs on TaxCash's platform under a SaaS Agreement: $2,000 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.
Send an enquiry through this listing to learn more about the Austin #1 business.
