Oh SNAP: FFL Invests CA$60M in Canadian Consumer Lender
May 30, 2014
FFL has invested CA$60 million ($55 million) in SNAP Financial Group, an independent consumer lender that does business primarily in the home and auto finance segments. Its home loans target home improvement purchases, while its auto finance biz assists in the purchase of new and used vehicles through a network of around 4,000 auto dealers. Since its founding in 2006, SNAP has originated more than CA$600 million ($552 million) of consumer loans.