Power Financial dives into Borrowell

Feb 25, 2016 • Thierry Heles

Financial technology developer Borrowell has secured $6.4m from investors including Power Financial Corporation.

Canada-based personal loan provider Borrowell secured $6.4m in operating and loan capital on Tuesday from backers including diversified management and financial holding company Power Financial Corporation.

The round also included financial services firm Equitable Bank and investment firm Hedgewood, as well as family office Oakwest Corporation, investment fund Freycinet Investments and angel investor Adam Felesky.

Borrowell operates an online lending platform that offers fixed-interest loans to consumers. The platform officially launched in March 2015 and claims to have processed more…

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