Online Fintech platform LendingArch now has more than 600 dealerships in its network, as it continues to expand and offer nationwide auto loans to Canadian consumers in need of quick and easy financing.
LendingArch was established in 2015 and has an auto loan leads division that provides real-time leads to dealerships across the country. It signed its 500th car dealership to provide real time auto loan leads last summer, and has since surpassed 600.
“We are pleased to announce our continued growth and innovation within the Canadian auto loan marketplace,” said Farhad Nabian, Director of Partnerships at LendingArch. He adds that they are “experts at helping consumers find the vehicle they need regardless of their credit score or personal situations.”
The company’s platform is set up to allow consumers to visit and apply for a pre-approval auto loan, and can provide a notification on the status of approval. The consumer is then matched with the dealership that best meets the consumer’s needs.
“What we do for consumers is provide freedom of choice, and a low stress process to obtaining a car loan,” said Farhad. “Consumers and dealerships alike, love utilizing our services as we place the customer first in every aspect.”
LendingArch was named the Fastest Growing Company in Alberta for 2021 by The Globe and Mail and Report on Business TV. It was also ranked the 15th fastest growing company in Canada last year.