Canadian FinTech goPeer has been given permission to operate.
goPeer is a peer-to-peer lending platform offering consumer loans.
Applications can be made within five minutes and a decision is reached within 24 hours.
The Canadian Securities Administrator has given permission for goPeer to operate in Ontario and Quebec.
What does this mean?
goPeer aims to cut out banks and other intermediaries to Canadian borrowers can access finance quickly and easily. They can borrow up to $25,000. According to CEO Marc-Antoine Caya, the company is on a mission to improve the financial well-being of Canadians.