Canada gets a newcomer when you look at the payday financing space, one which says it really wants to shake within the customer funding area with information analytics

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Canada gets a newcomer when you look at the payday financing space, one which says it really wants to shake within the customer funding area with information analytics

Finance Operations

Payday lender 247 Moneybox enters Canada, analyzes data to deliver loans

Candice So

On Aug. 22, London-based payday lender Active Securities Ltd. announced it’d be entering Canada, setting up the Canadian branch of the 247Moneybox operations in Vancouver, B.C. That it relies on its risk engine to set loan conditions while it uses the same business model as other payday loaners, what sets it apart from its homegrown competitors is. Read More