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Skyrocketing Demand for Alternative Lending Has Exposed This Small $15.4 Million Company(1) to a Massive $34 Billion Opportunity(2)

Lendified Holdings

The Top Reasons to Consider Lendified Holdings (TSXV:LHI) Right Now

  1. For years, a few banks dominated the Canadian credit market, some of which made lending very difficult for consumers or small to medium-sized enterprises (SMEs). In fact, those who couldn’t secure a loan weren’t left with a good deal of options.(3) That is until they were offered financing from alternative lenders, like Lendified Holdings (TSXV:LHI).
  2. Lendified Holdings (TSXV:LHI)—a $15.4 million company — is exposed to a potential $34 billion alternative lending market.(2)
  3. “There is an enormous need among underserved Canadian small businesses to access capital quickly and easily online, supported by trusted and knowledgeable customer service experts,” said Noah Breslow, chairman, and CEO of OnDeck, as quoted by DeBanked.(3)
  4. Lendified Holdings just posted its first profitable quarter. Driven by reductions in operating expenses and recovery of provision for credit losses, Lendified attained outstanding earnings of $409,072 for the three months ended June 30, 2021.(4)
  5. “Alternative lenders and funders in Canada are becoming more of a force to be reckoned with by a number of measures. Indeed, a majority of Canadians now look to online lenders as a viable alternative to traditional financial institutions.”(3)

The alternative financing market shows no signs of slowing.

Especially in Canada.

For years, a few banks dominated the Canadian credit market, some of which made lending extremely challenging for consumers or for small to medium-sized enterprises (SMEs).(3)

In fact, those who couldn’t secure a loan weren’t left with a good deal of options.

That is until they were offered financing from alternative lenders such as Lendified Holdings (TSXV:LHI).

Now that word is getting out about how companies like Lendified Holdings (TSXV:LHI) can play a crucial role, a jaw-dropping opportunity has been created.

Consider this.

“Alternative lenders and funders in Canada are becoming more of a force to be reckoned with by a number of measures. Indeed, a majority of Canadians now look to online lenders as a viable alternative to traditional financial institutions, according to the 2018 State of Alternative Lending in Canada, a study conducted by online comparison service Smarter Loans,” reports Debanked.com.(3)

More impressively:

“There is an enormous need among underserved Canadian small businesses to access capital quickly and easily online, supported by trusted and knowledgeable customer service experts,” said Noah Breslow, chairman, and chief executive of OnDeck, as also quoted by DeBanked.(3)

Not only are consumers and small businesses benefiting, though. So are the lenders such as Lendified Holdings (TSXV:LHI) – which recently reported blowout earnings and its first profitable quarter.

Just Who is Lendified Holdings (TSXV:LHI)?

Launched in 2015, Lendified provides a myriad of services. It offers short-term loans to small businesses across Canada, tools for managing cash flow, and advanced credit adjudication software to financial service providers all across North America.

Lendified offers fast and affordable business loans of up to $150,000 for terms of up to two years through its lending business. Small business owners can apply online in minutes, get an instant quote, and receive funding in as fast as 48 hours.(5)

Since its inception, Lendified has received over $600 million in loan requests and experienced exceptional growth and portfolio performance. With established direct-to-borrower channels, broker partnerships, and a growing list of large corporate partnerships, Lendified is continuing to ascend rapidly.(5)

What’s More Impressive? It’s Latest Blowout Earnings Were Its First Profitable Quarter

Lendified made some recent waves with its Q2 2021 earnings report and genuinely turned some heads. Here’s why:(4)

  • Driven by reductions in operating expenses and recovery of provision for credit losses, Lendified Holdings just posted its first profitable quarter.
  • Lendified attained earnings of $409,072 for the three months ended June 30, 2021.
  • Operating expenses decreased by 89% to $0.35 million compared to the same quarter in the prior year; the recovery of provision for credit losses amounted to $0.47 million for the quarter.
  • Lendified continues to streamline its operations and fund new loans with $0.62 million in loans funded in the quarter.

Lendified Holdings (TSXV:LHI) is Led by a Solid Management Team

Lendified Holdings has a strong, experienced, and high-quality team, including:

Eoghan Bergin, CEO & Director

  • Significant industry experience with 5 years on the growth side of the Lendified business
  • Holds a dual major degree in Business and Law from University College Dublin

Laurent Mareschal, Strategic Advisor

  • 25+ years of financial services experience, including financial reporting and analysis, mergers and acquisitions, and small business banking
  • Mr. Mareschal is former Senior Vice President and Head of Small Business Banking at one of Canada’s five major banking institutions

Pratik Bhandari, CFO

  • Significant industry experience with clients in financial services, including large banks, pension funds, and broker-dealer companies
  • Former Senior Associate at PricewaterhouseCoopers in the assurance practice
  • CPA, CA charter holder. Mr. Bhandari is a graduate of the Masters of Accounting and Bachelor of Accounting & Financial Management programs from the University of Waterloo

Guy Charette, Chairman

  • A corporate finance lawyer with 30+ years of experience in the areas of securities, corporate finance as well as mergers and acquisitions in Toronto and Montreal
  • Mr. Charette has particular expertise in developing innovative financial structures designed to match the needs of both issuers and investors

John Gillberry, Vice Chairman

  • A seasoned senior executive with a track record spanning nearly three decades
  • Mr. Gillberry holds a Master’s Degree in Business Administration from the Ivey School of Business, University of Western Ontario

Peter Ostapchuk, Chair of Audit Committee

  • Extensive private and public sector experience in Toronto and Ottawa for financial governance, M&A, information technology, and enterprise risk oversight
  • Graduate of McMaster University, a CPA, CA, accredited ICD.D director with the Institute of Corporate Directors, Audit Committee Certified (ACC) through the Directors College.

Perry Dellelce, Extensive legal, corporate finance, and business management experience

  • Founder & Managing Partner at Wildeboer Dellelce LLP, a leading securities law firm
  • L.L.B., University of Ottawa; MBA, University of Notre Dame; BA, Western University

Troy Wright

  • Former President & CEO of Scotiabank Group Mexico; Executive Vice President of Canadian Retail Branches and Channels at Scotiabank. 30+ years of industry expertise
  • BA from University of Western Ontario; Graduate of Advanced Management Program and YPO Presidents’ Program at Harvard Business School

The Top Reasons to Get Lendified Holdings (TSXV:LHI) on Your Radar Right Now

  1. For years, a few banks dominated the Canadian credit market, some of which made lending very difficult for consumers or small to medium-sized enterprises (SMEs). In fact, those that couldn’t secure a loan weren’t left with a good deal of options.(3) That is until they were offered financing from alternative lenders, like Lendified Holdings (TSXV:LHI).
  2. Lendified Holdings (TSXV:LHI)—a $15.4 million company — is exposed to a potential $34 billion alternative lending market.(2)
  3. “There is an enormous need among underserved Canadian small businesses to access capital quickly and easily online, supported by trusted and knowledgeable customer service experts,” said Noah Breslow, chairman, and CEO of OnDeck, as quoted by DeBanked. (Source 3)
  4. Lendified Holdings just posted its first profitable quarter. Driven by reductions in operating expenses and recovery of provision for credit losses, Lendified attained outstanding earnings of $409,072 for the three months ended June 30, 2021.(4)
  5. “Alternative lenders and funders in Canada are becoming more of a force to be reckoned with by a number of measures. Indeed, a majority of Canadians now look to online lenders as a viable alternative to traditional financial institutions.”(3)

Source List

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Pursuant to an agreement between TD Media LLC and Lendified Holding Inc, TD Media LLC has been hired for a period beginning on 10/20/2021 and ending on 11/16/2021 to publicly disseminate information about (LHI:CA) via digital communications. We own zero shares of (LHI:CA). We have been paid eighty thousand dollars USD via bank wire transfer.

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