“"Coming out of university I had a lot of debts. From eating out during exams to going out for drinks after them, I racked up some pretty heavy debts on my credit cards. I knew that it was hurting my chances of getting a mortage later down the line, but I really didn't care... I needed the money!
As I got my first job it started to dawn on me the importance of having a good credit score. The impact of having a bad credit score can be terrible - I saw stories of people being denied appartments, new phones, or just being forced to pay super high interest rates. I looked into figuring out my credit score, and was frustrated by the fact Equifax was going to force me to pay for it! There were other companies that offered free credit scores, but even using those would negatively affect your score!
After scanning through reddits Canadian personal finance subreddit, I found the company Borrowell. They offered a free credit check that didn't affect my credit score, and easy one click lending that could help me pay off some of my past debts at a lower interest rate. The user interface is super easy and the information they ask is negligeable. If you want to check your credit score, I would highly recommend using them!"”
“Borrowell is a service that let's Canadians check their credit score online for free. After reviewing your score, Borrowell then recommends different lending and borrowing packages that best fit you while keeping with the industry best practices.”
“Borrowell is still in the early stages of growth, and so there are many opportunities for career advancement! If you work hard and dedicate yourself to supporting Borrowell’s mission, you'll have the opportunity to grow with the company and fill higher up positions as they're needed.”
“The benefit package at Borrowell is pretty standard. They offer flexible hours and vacation policy, a downtown office location, medical, dental, and extended health benefits, as well as maternity and parental leave.”
“"Borrowell is in a pretty competitive industry, with competitors such as Credit Karma, Grow, Clearbanc, and banks as well. With this being said, I think Borrowell is positioned well in the market to continue its path of growth!
I believe they'll continue to grow because they've managed to build a partnership with one of North America's biggest banks, CIBC. The other reason I'm confident of Borrowell's success is the venture firms that have funded Borrowell's growth. Receiving over $55M in funding from over 11 different sources demonstrates that investors recognize Borrowell's position in the market to be strong.
Lastly, I believe in Borrowell's mission of giving Canadians access to the best possible decisions for their credit. People in general don't like working with their finances, and Borrowell is focussed on making understanding and acting on individuals financial position as easy as possible."”
Your job at Borrowell will be constantly evolving as the company continues to grow! The key activities of our business are building a robust and secure application, building partnerships with banks for loaning programs, designing an easy to use user experience, and making sure our customers are always satisfied with our product!
To succeed at Borrowell you must be passionate about making a product that helps Canadians with their financial goals. You'll succeed if you work hard, stay open, and have a drive to keep learning!
The interview process isn't easy for joining Borrowell because we know a great product starts with a great team. To prepare for the interview so that you can ace it, make sure you understand the current landscape of lending and borrowing in Canada, looking at the roles of the Government, Banks, and current debt rates. We'll only hire people who are passionate about the space and have a drive to help Canadians with their financials!
“"Borrowell has been recognized Canada wide as putting Canadian's interests first. They have over 350,000 users, and are recognized as the best online lender in Canada. There are three reasons press follows Borrowell intently.
First is their base service, the free credit score check. Borrowell fronts the cost of checking someones credit score to Equifax in the hopes they can recommend products later down the line to bring them revenue. They also give you Monthly Equifax Credit Reports directly to your inbox as an efficient way for you to keep track of your credit score. It shows that the company really wants to give you information on your current position in an easy and direct way.
Borrowell also has a very user friendly interface that makes the process of understanding your credit score super easy. On their home page you can see that getting your credit score only takes a total of 3 minutes. They want to make it as easy as possible for people to be able to check their financial position.
Lastly, Borrowell offers low interest rate loans based on no-collateral status that makes paying off credit cards simple. One of the biggest problems many people face in their lives is handling their credit debt. Not being able to pay it off in time results in very high compounding interest rates that only get harder and harder to pay off. Borrowell's loan service makes it easy to pay off credit cards, and keep away from their high interest rates."”
Borrowell's mission is to help Canadians make great decisions about their credit. Borrowell offers a free credit score service that doesn't affect your credit rating, and gives Canadians report monitoring, personal loans, and financial product recommendations. The overall goal of Borrowell is to help improve Canadians interaction with their financials, and to become the hero of their credit.
Founded in 2014 by the current CEO, COO, and CTO, Andrew Graham, Eva Wong, and Salim Naran, Borrowell's headquarters are in Toronto, Canada. Borrowell has approximately 10 employees, and has raised $57.3M in funding from a mix of venture funding and debt financing from sources such as Concentra Bank and Equitable Bank.
Borrowell is a small company, but they've gained a lot of respect by the media for their focus on providing consumers with an easy to use service that supports their long term financial goals. Borrowell enables people to easily see how their credit score is affected by their debt, and the loans and opportunities they can take to minimize long-term impact.
Although there aren't many reviews of what it's like to work at Borrowell, the company seems to focus heavily on employee growth, creating a positive work environment that is directed towards their mission of helping Canadians with their finances.
Borrowell has five core values instilled in their team to build a positive work environment. Members of the Borrowell family must be high performing and humble, trustworthy and team-oriented, they must act like owners, love to learn, and respect the benefit of diversity!
Why are you interested in working for Borrowell?
What interests you about fintech?
What does diversity mean to you?
- Borrowell also asks many position specific questions, so make sure you do your research into what you'll be doing as part of their team!
Borrowell was founded in 2014 by founders Andrew Graham and Eva Wong. The initial reason for creating the company was the thought that borrowing money should be simple. Borrowing is a part of many people's every day lives, and many peoples lives depend on being able to borrow to grow their own business or pay off bills. Borrowell has quickly grown to become a highly relevant player in the Toronto fintech space. Receiving $57.3M over the last 4 years, with a mix from investment and debt financing, Borrowell is positioned to be a dominating firm in the lending market.