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Borrowell Celebrates Acquisition, $25M Raise – Bankless Times

Borrowell to Acquire Refresh Financial – Bankless Times

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F|T: The FinTech Times - Banking-as-a-service's new problems

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Borrowell raises $25 million to fund acquisition of Refresh Financial

Borrowell raises $25 million to fund acquisition of Refresh Financial Borrowell has secured $25 million CAD to support its recently closed acquisition of Refresh Financial and overall growth, as financial institutions return their focus to customer acquisition following the fallout of COVID-19. The all-equity financing included a number of new investors for Borrowell, such as Kensington Capital Partners, BDC Capital, iA Financial Group and Impact Engine, a Chicago-based social impact-focused investment fund. Existing investors Portag3 Ventures, White Star Capital, NAventures (the venture arm of National Bank of Canada) and Equitable Bank also participated with new funding. “We’re getting back to very much where we were pre-COVID.”

F|T: The FinTech Times - Point hackers

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Calgary startup Neo Financial raises financing from major investors

Borrowell to acquire Refresh Financial

Borrowell to acquire Refresh Financial Toronto-based FinTech startup Borrowell is set to acquire Refresh Financial, a fellow Canadian company offering financial products that allow customers to access forms of credit. Borrowell offers a variety of financial services for individuals, spanning credit monitoring and cards, personal loans, mortgages, investing, insurance, and banking. According to the startup, its acquisition of Refresh doubles its size in terms of revenue and employees. While the terms of the deal were not disclosed, the transaction is expected to close in the first quarter of 2021. According to the startup, its acquisition of Refresh doubles its size in terms of revenue and employees.

Borrowell to acquire Refresh Financial to help more Canadians gain access to affordable credit