Fintech LendingArch named best Canadian Online Rate Comparison Platform by AI Global & Acquisition International

Calgary-based fintech LendingArch has won the award for the best online rate comparison platform in Canada, by Acquisition International.

“We’ve worked very hard to make life more affordable for as many Canadians as possible, and we’re very happy to be recognized for our ongoing innovations,” said Paul Hadzoglou, President of LendingArch. “Fintech has changed the way people around the world search for the best loans, and we are very proud to be part of this forward-thinking industry.”

The Acquisition International award is for an established FinTech company in Canada that provides online rate comparison services to Canadian consumers. Success is measured by a number of factors, including partnerships with banks or direct consumer services, growth, name recognition and marketplace leadership.

LendingArch checks all of these boxes: With a mission to help Canadians save money, the company is a one-stop shop helping borrowers obtain credit cards, personal loans and other financial products. LendingArch is also one of the nation’s leaders in helping Canadian consumers obtain affordable auto loans, regardless of their credit situation. Using a proprietary scoring mechanism, the platform allows users to simply enter their basic information and be matched within seconds to products for which they are most likely to qualify, saving them the time and hassle of searching for multiple lenders.

Through this smart, customer first approach and its continued focus on artificial intelligence and automation technology, LendingArch has managed to become one of Canada’s fastest growing platforms, with over 10,000 new Canadians joining each month, leading to consistent double-digit revenue growth in Q1 of 2020.

SOURCE LendingArch