Online Fintech platform LendingArch was recently named the Fastest Growing Company in Alberta for 2021 by The Globe and Mail and Report on Business TV. The Fintech platform was also ranked as the 15th fastest growing company in Canada.
The company was established in 2015, and has an auto loan leads division that provides real time leads to dealerships across the country.
“We have seen increased stability and growth within our car loan leads division, which historically and when compared to our competitors, is usually a highly volatile division for all lead providers, given the cyclical nature of the auto loan industry, and consumer trends when searching for a vehicle,” said Farhad Nabian, head of LendingArch’s Auto Loan Division.
The company’s platform allows consumers to apply for a no-obligation, pre-approval for an auto loan, and notifies the consumer typically within minutes if they are pre-approved. Consumers are then matched with the best dealership to fit their needs and requirements.
“We currently provide over 15,000 leads to dealerships nationwide every single month and are steadily growing that number year over year,” said Nabian.
LendingArch also said the process does away with the headache of shopping around multiple dealerships, and “eliminates the issue of finding a car that they like, only to then find out that they cannot get approved for financing for the vehicle.”
