GoTo Loans, a rising Canadian BNPL Fintech platform, establishes a funding relationship with the asset management division of one of Canada's largest insurance companies
TORONTO, June 10, 2021 /CNW/ - Today, GoTo Loans Inc., Ontario's leading Buy Now, Pay Later (BNPL) platform focusing on the auto service, maintenance and upgrades sector announced a funding agreement with the asset management division of one of Canada's largest insurance companies.
Echelon Capital Markets (a member of Echelon Wealth Partners Inc.) acted as exclusive financial advisor to GoTo Loans in the arrangement of the funding facility.
This funding partnership allows GoTo Loans the ability to accelerate their lending capabilities and to continue funding the rapid growth seen in their innovative payment offering.
"Working with any Tier 1 institutional funding partner with a significant expertise in consumer and commercial lending provides us with stability and allows our management team to remain focused on our technology and growth" says Eric Kaplan, COO of GoTo Loans. "As a company that can be considered relatively new, we are thrilled that the team at Echelon was able to position us in a way that allowed us to demonstrate the value of our technology along with presenting our growth strategy, which ultimatey gained the confidence of our lending partner."
GoTo Loans' accelerated growth in 2020 received recognition in the FinTech industry from the Canadian Lenders Association (CLA), being named as a Canadian Auto Lending Platform of The Year.
About GoTo Loans.
About Echelon Wealth Partners
SOURCE GoTo Loans
The Power of Devices: Enabling Future of Work Realities
VSMP: The New Driving Force to Business Process Transformation into the Cloud