Borrowell fintech leader 'Our mission is to make financial prosperity possible to everyone': Eva Wong, COO of Borrowell

Fintechs role in society is becoming more vital than ever, particularly due to Covid-19. Fintech can be used anywhere, by anyone. Meaning it becomes accessible to people who may never have taken advantage of financial services before. Fintech companies can often deliver the same solution for a lower price compared to traditional financial institutions. By leveraging technology to automate tasks, fintech companies can save money on employing people to do the work. They also save money by not having physical branches to service their customers. Overall, fintech companies usually have relatively low overhead costs, which allow them to pass the savings on to you.

Borrowell is one such leading Canadian company dedicated to making financial stability possible for everyone. The first to offer free credit scores, the company provides education, monitoring, innovative digital tools and personalized product recommendations to help people feel in control and optimistic about their financial future. With over one million members, Borrowell is one of largest fintech companies in Canada.

Borrowell has won numerous awards, including being named one of the top 100 fintech companies in the world by KPMG, ranking 4th on the Deloitte Technology Fast 50™ list of fastest growing companies in Canada, and making App Annie's list of Breakout Finance Apps for 2019.

Leveraging Industry-Leading Financial Services

Free Credit Score in Canada: Your credit score can have a big impact on your financial future. Sign up for Borrowell to get your credit score and credit report for free! Join over two million Canadians and get the tools you need to help understand, manage, and master your credit - in less than three minutes. Checking your credit score with Borrowell won't hurt your score. Once you've signed up for Borrowell, you can download your Equifax credit report for free and check your credit score at any time without hurting it. Plus, you'll receive weekly updates on how your score has changed. Stay on top of your credit health with Borrowell.

Credit Builder: Borrowell helps you discover the best credit cards for you! A credit card allows you to borrow money from a financial institution to buy things. As long as you pay the money back within the month, you won’t be charged additional fees. Your payments will be reported to both credit bureaus which can help you qualify for lower interest rates and better offers on credit cards, mortgages, loans and more. Credit Builder is a $240 secured installment loan. Unlike a traditional cash loan, you don’t receive any money upon approval. As you make payments, they are reported to the credit bureaus. At the end of 36 months, your total savings of $240 will be directly deposited into your bank account. There is no hard credit check to apply.

Personal Loans: Sign up for Borrowell to get your free Equifax credit score and instantly find out your approval chances for all kinds of loans. Quickly compare the best personal loans in Canada and see your likelihood of approval in minutes. Borrowell works with over 50+ financial partners in Canada to find loans that match your profile. When you sign up for Borrowell to check your free credit score, you'll instantly see your approval chances for all kinds of loans in Canada. See tailored loan options that are available to you. Plus, keep track of your credit health on a weekly basis and get personalized tips to help you build your score and qualify for different offers in the future.

Mortgage: Your credit score plays a big part in your ability to get favorable mortgage rates. Whether you're a first-time home buyer or looking to refinance your existing loan, you can access your free credit report, get tips to help you improve your score and easily compare mortgages across Canada. You can quickly compare rates on a wide range of financial products and see your likelihood of approval based on your credit profile using Borrowell. If you're looking to get a new mortgage, refinance or reduce your monthly payments, you can explore options from personal loans, lines of credit, credit cards and debt consolidation. In addition to helping monitor and improve your credit, you can also get a variety of tools to help you gain more visibility and manage your finances. You can get access calculators, new features and fresh content monthly to help you understand mortgage topics, including pricing, deferrals and budgeting.

Insurance Services: In addition to helping people make great decisions about credit, Borrowell also recommends a range of insurance products to meet your needs. Compare insurance online with Borrowell. The company works with top brokers and providers to help you meet your home, auto, and other insurance needs. They combine technology and expertise to recommend products that are best suited to your financial profile. The firm also provides you with tips to help improve your credit score which can often help you qualify for lower rates and premiums.

The Visionary Leader Upfront

Eva Wong is a co-founder and Chief Operative officer of Borrowell. She has over 15 years’ experience in the business and not-for-profit sectors, both in Canada and abroad. Eva has worked at Oliver Wyman, Maple Leaf Foods and the United Nations Development Programme. She is co-founder of Toronto Homecoming and serves on the board of The Scott Mission.

Ms. Wong graduated from Queen’s School of Business and Harvard University. She loves lemon squares, food blogs, and baking projects with her kids.