Grouplend is a Vancouver, BC-based online lending platform that leverages software and advanced data science to reduce interest rates and service time. The company was launched 10 months prior to the report by CEO Kevin Sandhu. Grouplend raised $10.2M in financing to support its growth and operations. Management intends to use the proceeds to double the size of its team by the end of 2015, hiring additional software engineers, data scientists, credit personnel, marketers and operators. The company plans to accelerate its growth across Canada with the new capital. No revenue or user metrics were reported in the article.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2015