|Description||POS Consumer Financing|
|Seed, 5/07 |
|Angel, 10/07 ||$2.5M|
|Angel, 6/09 ||$1.3M|
|Angel, 2/10 ||$1.2M|
|Angel, 5/12 ||$3M|
CommunityLend is a rapidly growing new entrant into Canada’s trillion dollar consumer lending industry.
CommunityLend’s growth is being driven by our sales finance platform, Financeit which allows businesses to offer consumer financing to their customers at the point of sale with any device. Since launching in January of 2011, we have signed up over 2,100 merchant Partners and processed over $300MM in loans. Our lending capital comes from institutional lenders such as banks.
CommunityLend has raised over $8MM in financing since launch and is now pursuing a US expansion strategy.
Finovate 2012 DemoAdded: 10/16/12