Borrowell Review 2022: Borrowell Revenue

Borrowell Revenue

In the past few years, it has came to be much simpler, much easier as well as less expensive for Canadians to rapidly and also securely obtain their free credit report as well as credit history record instantaneously online.

Prior to 2016, the very best means for Canadians to get their credit rating record and also credit report online was to get a totally free trial of Equifax’s costs services, or to sign up for Transunion’s comparable offering.

Fortunately, late in 2016 a leading on the internet lending supplier, Borrowell, partnered with Equifax to supply complimentary credit history records and scores to all Canadian customers. This significantly changed the industry landscape overnight.

Join over 2 million other Canadians and also immediately get your totally free credit rating as well as free credit score record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making economic success possible for all Canadians. They give access to on-line credit education, innovative credit score devices.

They were the very first business in Canada to bring complimentary credit scores reports as well as ratings from Equifax to the online masses.

They likewise spearheaded the idea of an AI powered credit history train with their Molly debt train offering. Molly makes personalized recommendations regarding how to enhance credit history, as well as what credit history items would be ideal suited per customer based upon their details credit scores record elements.

In July of 2022 they released Borrowell Rent Advantage which is the first product to permit Canadians to develop their debt merely by paying their rent each month in a timely manner. As of press time, this service is only being provided to choose Borrowell clients at a registration price of $5 monthly.

What Does Borrowell Offer?

Free Credit Score Record as well as Score:

Borrowell has actually aided greater than 2 million Canadians by supplying them with the devices they need to better recognize, master and also handle their credit score. Making use of this offer takes less than 3 mins, as well as does not have any kind of adverse influence on your score (known as a soft credit history inquiry).

Credit History Builder

A more recent offering only offered to choose Borrowell clients, this product is a credit building financial savings loan that sets you back $10/monthly, possibly boosts your credit history, as well as offers you back $240 in savings at the end of the term.

Credit Card Comparisons

Borrowell has actually partnered with many leading financial institutions such as BMO and also Scotiabank to provide a range of credit card options for Canadian customers with all various kinds of debt profiles. Their AI powered credit history coach Molly help in this process.

Individual Loans

After obtaining your Equifax Credit rating Record and also Rating, Borrowell presents a series of vetted instalment lending supplies from their financial institution companions, tailored to your credit report. Although Borrowell does not offer lendings straight, they do offer a practical means to quickly compare finances from relied on partners.


Comparable to their customized AI-powered bank card and also financing recommendations, they likewise enable Canadians in the market for a home mortgage a fast method to contrast prices, as well as have a much better opportunity of getting the best offer and price possible.


Compare banking solutions in a hassle-free method with Borrowell’s bank comparison device that aids discover and suggest the appropriate banking products for you

Insurance Policy

Canadians can contrast insurance policy products on the internet with Borrowell along with discovering and taking control of their credit report.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage allows Canadians to develop credit rating with their rent for just $5/month. As this item was simply announced, even more details make certain to follow as it turns out to all Canadians.

To conclude, by providing such a wide variety of financial devices and also referrals, Borrowell seeks to be the one quit store that Canadians think about first when it concerns any aspect of the individual financial resources.

Borrowell Firm Details

Borrowell Company Summary

Banks in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a proudly Canadian company with a solitary goal in mind: to assist individuals make great choices concerning credit history. This is why we were the initial in Canada to use totally free credit history and reports from our companion, Equifax, Canada’s largest debt bureau.

Borrowell Address

1 University Ave, Toronto, ON M5J 2P1
( Mobility Device Accessible).

Borrowell Products

Free Credit History.
Free Credit Scores Report.
Credit rating Train.
Credit score Builder.
Rent Advantage.

Borrowell Google Testimonial Summary

Borrowell has 4.5 stars on Google Reviews compiled from over 700 reviews.

Borrowell Current Acquisitions

2021 – Refresh Financial.

Borrowell Leadership Group/ Trick Individuals

Andrew Graham – Co-Founder & CHIEF EXECUTIVE OFFICER.
Eva Wong – Co-Founder & COO.
Lisa Brown – VP, People & Society.
Jeff Yim – CFO, Financing.
Simon Wyse – VP, Earnings.
Wilson Pappo – VP, Product.
Amruta Karmarkar – VP, Design.