Canada’s Top Lending Leaders of 2021

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 FEATURE STORY 


canadian lending leadersThe Canadian Lenders Association released its 2021 Leaders in Lending awards. The association is the voice of Canada’s lending ecosystem and represents more than 100 companies in commercial and consumer lending.

All CLA members are vetted and accredited based on their corporate standards
and values. Their role is to support the highest level of lending in Canada,
servicing a wide spectrum of business and consumer borrowers’ growth requirements.

See previous year’s leading lending companies

See previous year’s leading lending executives

2021 Award Winners:

Lending Woman of the Year

Tiffany Kaminsky | Co-Founder of Symend

Tiffany Kaminsky is the co-founder of Symend, a fintech that uses analytics and behavioural science to create individualized debt recovery programs. The startup, which has offices in Calgary, Toronto and Denver, received USD $52 million in funding earlier this year and plans to hire up to 200 more roles in 2021.

nicole benson Nicole Benson | CEO of Valeyo

Nicole Benson is the President & CEO of Valeyo, a business solutions provider to financial institutions in Canada. Nicole drives every facet of business forward, with a focus on growing, evolving, and innovating Valeyo’s suite of solutions to meet the changing needs of its clients and the financial services industry.

andrea fiederer Andrea Fiederer | CMO of goeasy

Andrea Fiederer is EVP & CMO of goeasy, a leader in non-prime financial services with over 2000 employees. Andrea is responsible for goeasy’s overall marketing and brand strategy for both the easyhome and easyfinancial business units.

Elena Ionenko Elena Ionenko | Co-Founder of Turnkey Lender

Elena Ionenko is the Co-Founder of Turnkey Lender, a loan origination platform. Under Elena’s leadership, the company has entered 50+ local markets, raised over $3.5 million in venture capital and launched regional offices all over the globe.

Minal Shankar Minal Shankar | CEO of Easly

Minal is the CEO of Easly, a SR&ED financing firm. This year Minal has doubled Easly’s capital under management & customer base. Prior to leading Easly, Minal was an investment manager for the VC firm Northgate Capital and an associate in the Technology Investment Banking group at J.P. Morgan Chase. Minal holds an MBA from the NYU Stern School of Business.



Fintech Innovator the Year


Flinks

Flinks is a data company that empowers businesses to connect their users with the financial services they want.

REPAY

REPAY is a leading provider of vertically-integrated payment solutions.

VoPay

VoPay seamlessly connects you to the banking ecosystem enabling anyone to offer efficient and simple bank account payment processing.

Fundmore

FundMore.ai is an automated underwriting system that uses machine learning to streamline the Pre-Funding process for loans.

Provenir

Provenir offers a suite of risk analytics tools for lenders to make adjudication faster and simpler.


Executive of the Year

Jason Mullins | CEO of goeasy

Jason Mullins is the President & CEO of goeasy, a leader in non-prime financial services with over 2000 employees. Since joining goeasy in 2010, Jason has helped the company scale to $1 billion in market capitalization with compound earnings growth of 28%. Jason is a recipient of Canada’s Top 40 Under 40 Award.

Wayne Pommen | CEO of PayBright

Wayne Pommen is the CEO and Founder of PayBright, a Canadian leader in the BNPL space. His firm has partnered with 7,000 domestic and international retailers, and has approved over $1 billion in consumer credit. This year PayBright was acquired by Affirm in a $340 million transaction.

Lawrence Krimker | CEO of Simply Group

At just 33 years of age, Lawrence Krimker has built Simply Group into a category leader in home equipment financing. This year his firm acquired competitors Dealnet & SNAP Financial in transactions that totalled over $750 million and brought his firm to $1.45 billion in assets under management.

Andrew Graham | CEO of Borrowell

Andrew Graham is the CEO and Co-Founder of Borrowell, Canada’s first fintech to provide free credit monitoring. This year Andrew launched Borrowell Boost to help the 53% of Canadians living paycheck to paycheck meet their bill payments.

Maria Soklis | President of Cox Automotive

In the 6 years that Maria Soklis has led Cox Automotive Canada, the company has become a category leader in software and financing solutions for consumers and dealers across the country. Maria has also left her mark with initiatives that promote diverse and inclusive workplaces, and this year signed the BlackNorth Initiative CEO Pledge.


Emerging Lending Platform of the Year

Moselle

Moselle is a digital platform that simplifies the importing workflow for small medium business owners.

Moves

Moves is a financial services platform for independent “gig” workers.

Vendor Lender

VendorLender is Canada’s first POS lender for dealers in the equipment finance space.

Lendle

Lendle is Canada’s first interest free credit provider.

goPeer

goPeer helps everyday Canadians to achieve financial freedom through Peer-to-Peer Lending


Small Business Lending Platform of the Year

Merchant Growth

Merchant Growth is a leading Canadian financial technology company that specializes in small business financing. Over the past decade, Merchant Growth has supported Canadian businesses with hundreds of millions of dollars in growth financing.

Loop

Launched this year, Loop builds credit & payment products specifically for online merchants. The company is operated by the LendingLoop team that popularized P2P lending in Canada.

Thinking Capital

Thinking Capital is one of Canada’s best known fintech lenders to the small business sector. This year the firm has forged relationships with multiple Credit Unions and hit $1 billion in loans deployed.

OnDeck

Since its launch in 2015, OnDeck Canada has
pioneered the use of data analytics and digital technology to make real-time lending decisions and rapidly deliver funding to Canadian small businesses.

Clearbanc

Canadian based Clearbanc is the world’s largest e-commerce funder. Their data-driven approach takes the bias out of decision making. Clearbanc has funded 8x more female founders than traditional VC.


Consumer Lending Platform of the Year

Flexiti

Flexiti is a leader in point of sale financing for retailers and has been named one of Canada’s fastest growing companies two years straight.

CHICC

CHICC is one of the country’s leading rental & homeimprovement financing companies.

Marble Financial

Marble uses fintech to empower Canadians to improve their credit score, manage debt, and budget to achieve financial goals.

PayBright

PayBright is one of Canada’s leading buy now, pay later providers. This year the firm was acquired by BNPL giant, Affirm for $340 million.

goeasy

Canada’s leading alternative financial services provider servicing non-prime Canadians through its easyhome and easyfinancial divisions.


Auto Lending Platform of the Year

GoTo Loans

GoTo Loans is a fintech lender focused on helping consumers access the equity from their vehicle and the leading provider in Canada for automotive repair loans.

Auto Capital Canada

AutoCapital Canada is a national auto finance company that works with dealer partners to help clients finance the purchase of new and used vehicles. This year the firm acquired competitor Rifco.

Carfinco

The Western Canada based lender is a leader in non-prime lending to the auto sector.

Canada Drives

Canada Drives is a leader in fintech auto lending. This year the firm hit over 400 employees and 1 million transactions, servicing consumers across Canada, the US, and the UK.

Clutch

Clutch aims to bring speed and convenience to used car sales by taking the experience completely online. The fintech raised a $7 million round this year from Real Ventures.


Technology Lending Platform of the Year

BDC

Launched only five years ago, BDC’s Tech Group has become a leader in lending to Canadian technology entrepreneurs.

TIMIA

TIMIA is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue.

Flow Capital

Flow Capital Corp. is a diversified alternative asset investor, specializing in providing minimally dilutive capital to high-growth businesses.

Venbridge

Venbridge is a Canadian finance company offering non-dilutive venture debt, SR&ED financing, and tax credit consulting services.

SVB

SVB has lead the technology lending movement for 35 years. The firm opened their first Canadian office last year.

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Last modified: December 16, 2020
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Category: Canada, Fintech, Online Lending

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