Toronto, Ontario–(Newsfile Corp. – May 26, 2020) – Lendified Holdings Inc. (TSXV: LHI) is pleased to announce that it began trading its common shares yesterday on the TSX Venture Exchange (the “TSXV”) under the ticker symbol “LHI”.
Lendified is a financial technology company operating an online lending platform providing working capital loans to small and medium sized enterprises in Canada. Since inception, Lendified has processed over $500m in loan applications and has leant nearly $100m to thousands of Canadian businesses. In addition to the lending platform, Lendified also operates its subsidiary business, JUDI.AI, which offers software as a service technology platform providing artificial intelligence enabled credit origination and analytics to financial institutions.
“We are excited to have launched on the TSXV, opening the opportunity to investors to participate in the growing trend of businesses seeking online loans,” said Troy Wright, CEO and Co-Founder of Lendified. “We believe that this trend will continue to accelerate given the current climate and we’re ready to support small and medium business in Canada.”
Lendified’s principal product offering is short-term instalment loans to small businesses – for terms of up to two years and amounts of up to $150,000. It distributes funds following approval and other related checks and takes repayment under a pre-authorized debit agreement.
JUDI.AI is an adjudication platform that enables financial institutions and non-traditional lenders to offer a frictionless digital experience to their customers. Its proprietary credit engine combines data from multiple sources and applies powerful data analytics to provide standardized financial analysis and insights.
About Lendified Holdings Inc
Lendified is a leading Canadian fintech company founded by former bank executives. The company offers online loans to small businesses across Canada and a SaaS credit platform to financial institutions across North America. Lendified’s innovative technology has been featured by The Globe and Mail, Financial Post, Bloomberg, Toronto Star and more. For more information, visit Lendified.com (lending) and Judi.ai (SaaS platform).
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Chief Executive Officer and Co-Founder
Not for Distribution in the United States