2017 disruptor finalist: Borrowell

 

Our innovation is
“fast, fair, friendly”

Andrew Graham, Co-founder & CEO, Borrowell

 

Company
Borrowell

Category finalist
The disruptor

Industry
Technology

Region
Ontario 

What problem is the innovation trying to solve?

“Too many consumers carry debt inefficiently because they lack good information and options. This is true across income levels and credit quality: only 14% of Canadians check their credit score annually and many carry high-cost credit card debt, of which there is $85 billion and growing.”

Andrew Graham, Co-founder & CEO, Borrowell
 
The innovation

“We help people make great decisions about credit. We launched Canada's first free score and 200,000 people have signed up. Our personal loans, adjudicated instantly online with attractive interest rates, help our customers pay down high cost debt. And our partnership with CIBC brings one-click loans to the bank's customers.”

Andrew Graham, Co-founder & CEO, Borrowell
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