LendingArch Launches Digital Finance Platform for a New Generation




CALGARY, Alberta, April 11, 2016 (GLOBE NEWSWIRE) -- LendingArch, an emerging Canadian FinTech company, today announced the official launch of its online lending platform – Lendingarch.ca. Developed with proprietary underwriting and behavioral technology, LendingArch.ca provides customized, affordable loan options and financial advancement to Canadians.

Female Founder and CEO Arti Modi is the company’s visionary leader. “We created LendingArch to revolutionize the financial service space and bridge the gap. We are a customer-centric platform that not only provides you with better options than the current financial eco-system, but also one that helps improve your financial health long-term. We are helping people re-imagine their financial future. If you are raising a family, consolidating debt, paying off your credit cards or a millennial looking to plan your future post-college, LendingArch is the solution for you.”

As the world continues to embrace new technology and evolve rapidly, LendingArch will appeal to everyone because its approach humanizes the lending process with behavioral questions and data science that sees you as more than just a credit score. LendingArch is re-inventing the lending wheel by putting the consumer first and by providing financial options to those who need help, but may lack extensive credit history or have experienced life hardships.

At the forefront of this disruptive, game-changing platform are millennials, who continue to grow more dissatisfied with the banks failure to look beyond credit scores and payment history. The lending criteria for millennials could consist of educational level completed, areas of study, academic performance and work history to create a model based on “character” and lending options. For small business owners, prior work history and future plans may account more heavily in the approval process than total assets. What you did yesterday is important, but what you do tomorrow matters even more to LendingArch.

Modi continued, “A modern financial lender like LendingArch sees the customer as more than just a series of numbers – we invest in the person not the loan. As a result, we are taking aim at a half-a-trillion-dollar Canadian consumer debt problem, and evolving an antiquated borrowing system by blending new technology in real-time, with non-traditional data, and creating a hyper-personalized customer service platform that values people’s future potential. This all leads to lower rates, personalized finance products and transparency that especially put our customers’ needs first.”

To find out how LendingArch’s seamless application process can help you with financial advancement, browse our platform www.lendingarch.ca.

About LendingArch
We want people to live in a world where they can thrive. We want people to know banks are not the only ones lending. We are a digital finance platform and we are giving ordinary people like us, the extraordinary opportunity for financial advancement. LendingArch.ca is a marketplace lending platform that rewards financially responsible Canadians with hyper-personalized, affordable loan options. Devised for a genesis of new thinking consumers, LendingArch is humanizing the financial eco-system and creating innovative financial health programmes driven by non-traditional data. LendingArch was founded by an ensemble of global entrepreneurs, investment architects and is spearheaded by a team of expert millennials in the financial technology space. For more intel, please visit www.lendingarch.ca. You can also follow us @lendingarch.

LendingArch products and services are provided or offered by subsidiaries and affiliates of LendingArch under the LendingArch trademark.

© 2016 LendingArch Financial Inc. All rights reserved. LendingArch, its logo and other marks are trademarks and service marks of LendingArch Financial Inc. and/or affiliated companies. All other marks contained herein are the property of their respective owners.

Sophie Nicolaou
310 367 3901