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Lendified receives approval to tap new investors for loan funding Add to ...

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A Canadian fintech company is set to become the first online lender in the country to receive regulatory approval for so-called marketplace lending, which will connect investors to the borrowing needs of small businesses.

Toronto-based Lendified Holdings Inc. – part of a wave of financial technology firms that are promising to disrupt traditional banking activities – currently underwrites loans with its own balance sheet and a $20-million line of credit arranged through Liquid Capital Corp.

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