Toronto’s Borrowell has completed its purchase of Kelowna’s Refresh Financial.
News of the acquisition was made public last year, and the deal was finalized on Monday.
“This acquisition and fundraise allow us to double down on our strategy of helping consumers achieve their financial goals,” Borrowell co-founder and CEO Andrew Graham said in a press release.
“With an expanded team across the country and a comprehensive suite of credit building solutions, we’re eager to help even more Canadians access credit products that meet their specific needs and maximize their long-term financial health.”
Borrowell and Refresh Financial are both in the credit education business, helping Canadians improve their credit scores.
Borrowell raised $25 million in funding for the acquisition, and the deal doubles its revenue and employee base.
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