Lending Mate positions itself as an alternative lender in Canada, focused on providing guarantor loans to individuals who are often excluded from traditional lending streams due to their credit history. A guarantor loan requires a second person, typically a friend or family member with a good credit score, to co-sign and agree to cover repayments if the primary borrower defaults. The company's mission is to offer a path to affordable credit for those who need it, helping them rebuild their financial standing. The concept was brought to Canada after its success in the UK market.

Founded in

Australia