carfinco inc.

Founded in 1997 and headquartered in Edmonton, Alberta, Carfinco Inc. established itself as one of Canada's leading providers of non-prime vehicle financing solutions. The company's business model focused on offering loans to consumers who were unable to obtain credit from traditional banking institutions. It operated through a vast network of independent and franchised automobile dealerships across all ten Canadian provinces. In 2015, Carfinco was acquired by the Royal Bank of Canada (RBC) for approximately $298 million, and its operations were integrated into RBC's auto finance division to expand the bank's reach into the non-prime lending market.