U.S. Company On Deck Invests in Canadian Trend to Alternative Lending

July 7, 2015 - Alternative financing is emerging into the mainstream of Canadian business, according to the heads of several Canadian lending startups, and entrepreneurs here are starting to take a shine to the greater availability of funding. Steven Uster, co-founder of Toronto-based FundThrough says he's company's offering of simple-to-access funding available within days has been met with a lot of pent-up demand. Several others, including CEO of Vancouver-based Grouplend Kevin Sandu, says Canada has been slow in welcoming this new business trend.  "Canada being Canada, we're slow to innovate," said Sandu. "We've got five big banks that hold the majority of the market and so we tend to get things late."

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