No branch. No payroll. No cash drawer. This Mississauga territory lending business runs online, around the clock, on AI-driven software in use since 2018.
The technology
- 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
- Proprietary platform, in live use since 2018
What's included
- The exclusive Mississauga territory
- A readybuilt, borrowerfacing lending website
- Platform setup and training
- Full help obtaining an Ontario lending licence through the Office of Consumer Credit Commissioner
Investment & costs
- Asking price: $220,000 to $360,000 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 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: an owner who wants a tech-led business with low overheads. No lending background is required.
Enquire through this listing for the Mississauga #3 territory details.
