Borrowell Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Private

  • Employees
  • 114

Employees

  • Latest Deal Type
  • Later Stage VC

  • Investors
  • 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

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1 University Avenue
  • 3rd Floor
  • Toronto, Ontario M5J 2P1
  • Canada
+1 (416)
Primary Industry
Information Services (B2C)
Other Industries
Financial Software
Other Financial Services
Vertical(s)
SaaS, TMT, FinTech
Corporate Office
  • 1 University Avenue
  • 3rd Floor
  • Toronto, Ontario M5J 2P1
  • Canada
+1 (416)

Borrowell Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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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
To view Borrowell’s complete valuation and funding history, request access »

VC Exit Predictor

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Opportunity Score

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Exit Type

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Borrowell Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an online lending platform intended to provide financial prosperity. The company's platform offers free sco
Information Services (B2C)
Toronto, Canada
114 As of 2024

Chennai, India
 

Mumbai, India
 
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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
You’re viewing 5 of 18 competitors. Get the full list »

Borrowell Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

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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
You’re viewing 5 of 32 investors. Get the full list »

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
To view Borrowell’s complete acquisitions history, request access »

Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
ReFresh Financial Kelowna, Canada 2013

Borrowell FAQs

  • When was Borrowell founded?

    Borrowell was founded in 2014.

  • Where is Borrowell headquartered?

    Borrowell is headquartered in Toronto, Canada.

  • What is the size of Borrowell?

    Borrowell has 114 total employees.

  • What industry is Borrowell in?

    Borrowell’s primary industry is Information Services (B2C).

  • 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.

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