More families are living paycheck to paycheck, and current market forecasts project that this trend is likely to increase in 2023–24. Unanticipated expenses leave people in need of short-term loans to provide needed bridge financing.
Until recently, people needing short-term financing would turn to one of the approximate 38,000 “brick & mortar” retail locations across Canada. They would apply in person and wait for a retail employee to assess the application. This model is outdated, inefficient, and carries significant risk to the lender.
The industry is now shifting towards online alternatives with web-based interfaces that allow a client to conveniently and quickly complete the entire loan application from wherever they happen to be at the time.
The Future of Payday Lending Is Here...
No more costly brick-and-mortar store expenses
No more employee and staffing requirements
No more face-to-face borrower interactions & potential confrontations
No more manually processing & verifying paper loan applications
No more physical cash on-site and staff security concerns
No more expensive advertising and marketing efforts
Our Proprietary Online SaaS Lending Platform Works For you.
Complete turnkey package, including lead generation & customer support
Fully automated loan approvals, disbursements and collections
Advanced risk-scoring analysis through Machine Learning & AI technologies
Passive ownership with no day-to-day operational tasks
Proven concept with 32 territories onboarded since 2018
High ROI
Exclusive & protected territories available
This emerging online model was refined by a Canadian company that consolidated its existing industry experience operating short-term loans with an industry-changing proprietary algorithm to develop a complete turn-key, web-based system offering short-term loans.
The company’s proprietary algorithm, an advanced machine-learning-based AI software, is designed to be fully automated and secure in accepting, reviewing and approving loan applications. Due to the software’s ability to assess the client’s banking history, with applicant approval, the system confirms high-quality loans.
The result is an end-to-end system that does the most challenging work for the lender at a fraction of the retail cost. Once approved, the company provides a turn-key payday loan system that includes advertising, loan undertaking, loan dispersal, loan collections and customer support. Territories in Manitoba range from $90k depending on the location and minimum lending capital from $150k.
Note: In Manitoba, the provincial governments requires a $25k bond in addition to all other licensing costs requirements. The industry is Federally regulated and governed by provincial/state laws.
The Licensee must be approved by the regional Consumer Protection Agency for the Payday Loan Lending License. The company will provide assistance throughout the application process. *Recession Proof *Hands Free *
***Please note: This license opportunity is available to Canadian citizens and residents only who are currently living in Canada.***
