Borrowell Overview
- Year Founded
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2014

- Status
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Private
- Employees
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114

- Latest Deal Type
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Later Stage VC
- Investors
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32
Borrowell General Information
Description
Developer of an online lending platform intended to provide financial prosperity. The company's platform offers free scores, education, weekly monitoring, and tools like personalized credit coaching and artificial intelligence-powered financial product recommendations, enabling customers to access low-interest loans improve their financial well-being, and manage debt better.
Contact Information
Website
www.borrowell.comCorporate Office
- 1 University Avenue
- 3rd Floor
- Toronto, Ontario M5J 2P1
- Canada
Corporate Office
- 1 University Avenue
- 3rd Floor
- Toronto, Ontario M5J 2P1
- Canada
Borrowell Timeline
Borrowell Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
11. Later Stage VC | 24-Aug-2023 | Completed | Generating Revenue | |||
10. Later Stage VC (Series C) | 22-Apr-2022 | Completed | Generating Revenue | |||
9. Debt - General | 01-Jan-2022 | Completed | Generating Revenue | |||
8. Secondary Transaction - Private | 01-Jan-2022 | Completed | Generating Revenue | |||
7. Later Stage VC (Series C) | 22-Feb-2021 | Completed | Generating Revenue | |||
6. Later Stage VC (Series B) | 08-Apr-2019 | Completed | Generating Revenue | |||
5. Early Stage VC (Series A) | 21-Jul-2017 | Completed | Generating Revenue | |||
4. Early Stage VC | 23-Feb-2016 | Completed | Generating Revenue | |||
3. Accelerator/Incubator | 22-May-2015 | $5.4M | Completed | Generating Revenue | ||
2. Seed Round | 03-Dec-2014 | $5.4M | $5.4M | Completed | Startup |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Borrowell Comparisons
Industry
Financing
Details
Borrowell Competitors (18)
One of Borrowell’s 18 competitors is CreditMantri, a Venture Capital-Backed company based in Chennai, India.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
CreditMantri | Venture Capital-Backed | Chennai, India | ||||
CreditVidya | Formerly VC-backed | Mumbai, India | ||||
Credit Karma | Venture Capital-Backed | Oakland, CA | ||||
ClearScore | Venture Capital-Backed | London, United Kingdom | ||||
Finect | Venture Capital-Backed | Madrid, Spain |
Borrowell Signals
Borrowell Investors (32)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
Sean Wise | Angel (individual) | Minority | ||
BDC Capital | Growth/Expansion | Minority | ||
Impact Engine | Impact Investing | Minority | ||
Industrial Alliance Insurance and Financial Services | Holding Company | Minority | ||
Kensington Capital Partners | PE/Buyout | Minority |
Borrowell Acquisitions (1)
Borrowell’s most recent deal was a Merger/Acquisition with ReFresh Financial for . The deal was made on 15-Feb-2021.
Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
---|---|---|---|---|---|
ReFresh Financial | 15-Feb-2021 | Merger/Acquisition | Other Financial Services |
Affiliates
Subsidiaries (1)
Name | Industry | Location | Year Founded |
---|---|---|---|
ReFresh Financial | Kelowna, Canada | 2013 |
Borrowell FAQs
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When was Borrowell founded?
Borrowell was founded in 2014.
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Where is Borrowell headquartered?
Borrowell is headquartered in Toronto, Canada.
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What is the size of Borrowell?
Borrowell has 114 total employees.
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What industry is Borrowell in?
Borrowell’s primary industry is Information Services (B2C).
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Is Borrowell a private or public company?
Borrowell is a Private company.
-
What is Borrowell’s current revenue?
The current revenue for Borrowell is
. -
How much funding has Borrowell raised over time?
Borrowell has raised $93.8M.
-
Who are Borrowell’s investors?
Sean Wise, BDC Capital, Impact Engine, Industrial Alliance Insurance and Financial Services, and Kensington Capital Partners are 5 of 32 investors who have invested in Borrowell.
-
Who are Borrowell’s competitors?
CreditMantri, CreditVidya, Credit Karma, ClearScore, and Finect are some of the 18 competitors of Borrowell.
Data Transparency
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