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New Listing: Lendified Holdings (TSXV:LHI)

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Lendified is a Canadian holding company with two operating subsidiaries.

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Additional Information:

Company: Lendified Holdings
Website: http://www.lendified.com
Stock Symbol: TSXV: LHI
Date Published: May 26, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Lendified Holdings is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “LHI”, following its qualifying transaction with Capital Pool Company Hampton Bay Capital.

Lendified is a Canadian holding company with two operating subsidiaries.

Lendified Inc. is a standalone lender to small and medium sized enterprises in Canada.

Lendified’s business loans have become a popular alternative to paperwork intensive bank loans, expensive merchant cash advances, and other forms of financing.

Small business owners can apply online in under 10 minutes, get pre-qualified, and get funded after approval in as fast as 48 hours.

Lendified Technologies Inc., conducting business as JUDI.AI, provides financial institutions with an artificial intelligence-driven loan adjudication platform with a credit engine for small business and consumer lending.

The startup, founded in 2016, aims to reduce the time it takes to process applications and automate workflow for financial institutions.

Working closely with Canadian credit unions, the company rolled out a digital solution to support small businesses applying for CEBA emergency funding, which was designed to support small businesses

The Canada Emergency Business Account, or CEBA, provides interest-free loans of up to $40,000 to small businesses and not-for-profits, struggling with cash flow during the COVID-19 pandemic, to help cover their operating costs during a period where their revenues have been temporarily reduced.

This program has been implemented by banks and credit unions in collaboration with Export Development Canada.

To date, the company has processed more than $150 million worth of CEBA funds and has assisted with thousands of applications.

The shares are trading at $0.20.

For more information, please visit the company’s website www.lendified.com, contact Norman Tan, CFO, at 844-451-3594 or email info@lendified.com.

I’m Fiona Forbes for Investmentpitch Media