QuadFi: Scores $100m financing facility with Crayhill Capital Management
- Quadfi is a unique Canadian online lender that started in Toronto
- Announced that it has entered into an agreement for a new financing facility of up to US $100M
- The facility will be used to provide personal loans to people with limited credit history, but with a strong current income
- Unlike traditional risk rating models which rely only on the historical behavior and income of customers
- This innovative model is especially useful for customers with thin credit history but bright prospects
- The partnership allows taking a big step toward achieving the long-term pursuit of fostering financial inclusion
