Picture a lending business that never closes, never hires and never needs a storefront. That is this Victoria business: short-term lending run end to end by AI.
The technology
- 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
- 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
What's included
- The exclusive Victoria territory
- A readybuilt, borrowerfacing lending website
- Platform setup and training
- Full help obtaining a British Columbia 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: an owner who wants a tech-led business with low overheads. No lending background is required. Open to Canadian citizens or permanent residents living in Canada, as the provincial licence requires.
Enquire through this listing for the Victoria territory details.
