Lending can be profitable, but it is hard work. Lendsqr's BNPL software makes it easier: start, launch and grow your loan business across multiple channels and make smart decisions, all at a fraction of the cost.
Quick Integration. Set up your lending business with time-saving integration.
Automated Processing. Real-time automation to optimize your business.
Fully Customizable Choose from powerful features that work for your business.
Regulators
Lenders in Canada answer to these bodies. Check their current licensing and reporting rules before you start lending.
The Bank of Canada is the country’s central bank, responsible for managing monetary policy, regulating interest rates, and overseeing the stability of the financial system. It works to promote a strong economy by targeting inflation and maintaining financial stability. The Bank of Canada also plays a significant role in currency issuance and managing the country's foreign reserves.
The Canada Deposit Insurance Corporation (CDIC) protects depositors by insuring eligible deposits in Canadian financial institutions. It plays a key role in maintaining public confidence in the financial system by providing insurance protection in case of a bank failure. The CDIC ensures that deposits are safe up to a certain limit, thus promoting stability in the Canadian banking sector.
The Competition Bureau Canada is an independent law enforcement agency responsible for promoting and maintaining market competition in Canada. It investigates anti-competitive practices, such as cartels, monopolies, and deceptive marketing, and enforces laws that protect consumers and businesses from unfair trade practices. The bureau ensures that the Canadian economy remains open, competitive, and efficient.
The Financial Consumer Agency of Canada (FCAC) ensures that Canadian consumers have access to fair and transparent financial products and services. It monitors the conduct of financial institutions, promotes consumer education, and enforces regulations that protect consumers from unfair practices. The agency also provides information and guidance to help individuals make informed financial decisions.
All the capabilities
you need to simplify your lending process
Our robust end-to-end loan management software enables us to offer support throughout the entire lending lifecycle.
Origination means receiving and setting up loan requests.
origination
We’ve digitized the entire loan origination process
Launch your lending business effortlessly across multiple channels including web, mobile, WhatsApp, USSD, and APIs. Our lending software solutions get your loan business up and running in as little as 30 minutes.
Channels & Distribution
Create and manage diverse loan products that cater exactly to what your customers want, all with our easy-to-use management tools.
Learn more about Channels & DistributionLoan Product Management
Savings & Investment Management
With Lendsqr's advanced loan management back office, you gain total control and clarity over every aspect of your loan business.
customer MANAGEMENT
The most efficient customer management tool for lenders
Easily scale to manage your growing customer base. Track your most important customer metrics such as onboarding attempts, active and inactive users, and logins.
transaction monitoring
Track real-time data on all the transactions in your business
Gain a wider overview and summary of all the transactions that happen in your loan business. View and download all settlement summary data for faster resolutions and planning.
automations
Reduce the risk of manual errors
Our back office is fully equipped with powerful automations that reduce the time it takes to complete repetitive tasks like approvals, disbursement and repayments, allowing you to spend more time on growth.
teams
Unleash efficient collaboration within your business
Simplify teamwork by inviting team members and assigning specific permissions for streamlined business management. From risk assessment to client interactions, Lendsqr makes collaboration easy, enhancing your overall lending efficiency.
reporting
Get detailed insights on your business
Our dashboard and reports provide you with extensive data on how your products and customers are doing. Monitor your top performing products, customers and other metrics, helping you channel your efforts better.
40 lenders in Canada are listed in the Lendsqr lender directory.
40lenders listed
CAD 3,500 to CAD 200,000
USD 2,001 to USD 200,000
12 to 60 months
Shortest to longest typical term
Guides from the Lendsqr blog on getting a lending license in Canada.
Starting lending in Canada? Here’s how to get licensed
August 26, 2024
Lendsqr lets lenders and merchants in Canada offer buy now, pay later. Shoppers split a purchase into installments, your decision model checks each shopper, and every installment is tracked until the last one is paid.
You set the installment plans, fees and limits, and manage BNPL loans from the same back office as the rest of your lending.
Choose the plan that suits your needs. Paid plans also have a one-off setup and licensing fee, quoted during onboarding.
Free
$0
Per month, billed monthly
Free Features:
Loans and loan Products
Decision Models
Disbursements
Customer Web App
Pro
$200
Per month, billed monthly
+ one-off setup fee, quoted during onboarding
All features in Free +
Team management
Offer letters
Approval Workflows
Web App Customizations
Business
$500
Per month, billed monthly
+ one-off setup fee, quoted during onboarding
All features in Pro +
White label mobile app (with additional cost)
Customer Groups
Referral Configurations
Savings and Investment
Adjutor API Service
Enterprise
Custom
+ one-off setup fee, quoted during onboarding
All features in Business +
External loans (Web SDK)
Custom mobile app
CBA/ERP Integrations
3rd party integrations
On-premise deployment license
WHY LENDSQR?
We've overcome every challenge to empower your success.
Having encountered nearly every issue a lender might face, we offer comprehensive solutions. By choosing Lendsqr as the backbone of your digital lending platform, you are choosing guaranteed growth and success.
Cost effective
Launch at 5% of the cost of building your own proprietary platform.
Faster time to market
Launch on the web in as little as 30 minutes, add USSD within hours, and go live with a mobile app in weeks.
Community immunity
Access to tons of data from other lenders to collaboratively block bad borrowers.
Expertise
Lendsqr talents have extensive experience with credit, data, and tech.
Lenders love Lendsqr!
Our strong capability and robust platform enable us to offer support across the entire lending lifecycle.
3.7m+ customers
Our Lending-as-a-Service platform helps lenders serve over 3.7m humans across the world.
Available in 190+ countries
We're global but also localized for every currency and locale.
Cost effective solution
Getting started with Lendsqr is very affordable. Our lenders leverage a robust infrastructure at a fraction of the cost it would take to build theirs!
30 mins average time to market
It can take as little as 30 minutes for a lender to sign up and start accepting loan requests. Yet, we also deliver customized features in record time.
Trusted by lenders world-wide
We're helping lenders across the world scale their loan business
Trusted by established lenders around the world
Enterprise and small teams rely on Lendsqr.
Lendsqr has significantly expedited our entry into the difficult but large retail lending market. Their solution not only shortened the time to market but also at a significantly reduced cost.
Abubakar Suleiman
CEO, Sterling Bank (SnapCash)
Need the right providers to support your lending? We’ve gathered everything from payment solutions to KYC tools, credit checks, and bank statement services all in one place. Let’s help you get started with the right partners today.
Explore now (opens in a new tab)
Caribbean Credit Bureau Ltd has an aim to re-launch its credit bureau service in the OECS, with a primary focus on meeting regional needs. They are committed to providing concrete solutions that enhance the efficiency and speed of credit application processing, along with business strategies to reduce bad debts and eliminate loan delinquency through effective recoveries.
Equifax is a trusted global leader in data, analytics, and technology, providing insights that empower decision-making and drive progress. With nearly 15,000 dedicated professionals focused on putting people first, they aim to foster economically healthy individuals and communities in every market we serve. Their solutions enable businesses to make smarter, faster decisions.
2Checkout is a leading digital commerce and payments platform that enables companies to sell products and services globally through multiple channels. It helps businesses acquire customers across diverse touchpoints, improve retention, optimize subscription billing models, and increase revenue through flexible payment solutions.
Braintree is a global payment platform that enables businesses to accept payments smoothly and securely. Known for its developer-friendly tools and focus on security, Braintree empowers companies to build innovative, customized payment experiences for both online and mobile customers.
E-Comm Processing refers to e-commerce payment processing infrastructure providers operating in or connected to Belarus, offering businesses the ability to accept online payments, manage merchant accounts, route transactions, and integrate multiple payment methods into websites and apps.
Fincra is a payment infrastructure for fintechs and global businesses and platforms, which provides payment solutions that help businesses accept payments securely, and provide other financial solutions to their customers. Founded in 2021, the company started with a mission to make it easier for businesses in emerging or frontier markets to transact digitally at low cost and high speed seamlessly.
M-Pesa is a mobile phone-based money transfer and micro-financing service launched by Vodafone and Safaricom in Kenya.
Grey, formerly known as Aboki Africa, is a fintech company that provides global banking solutions for digital nomads and remote workers.
Transfast is an international money transfer and cross-border payments company headquartered in New York.
4stop is a cutting-edge identity verification and fraud prevention provider dedicated to helping businesses protect themselves from identity theft, fraud, and regulatory risk. With an emphasis on accuracy, speed, and global coverage, 4stop delivers reliable end-to-end verification solutions that streamline onboarding, reduce friction, and enhance trust.
AU10TIX is a global identity verification and fraud prevention technology company originally founded in Israel in 2002. The company provides automated solutions that help businesses verify customer identities, detect fraud, and comply with regulatory requirements such as KYC (Know Your Customer) and AML (Anti-Money Laundering). AU10TIX uses technologies such as artificial intelligence, machine learning, document authentication, and biometric verification to enable fast and secure digital onboarding.
Blend is a financial technology company that provides a digital lending platform designed to streamline and automate the lending process for banks and financial institutions. Blend focuses on improving the consumer loan and mortgage application experience through automated workflows, digital document collection, and real‑time data verification.
Civic is a digital identity and authentication platform that enables individuals and businesses to securely verify identities online. Using blockchain‑enabled technology, Civic provides decentralized identity solutions that help reduce fraud, speed up onboarding, and give users control over their personal data.
Debt Kontrol LLC is a debt collection and recovery agency that provides comprehensive debt management services in Venezuela and globally. The company specializes in helping creditors recover overdue payments while maintaining respectful and professional communication with debtors.
Debt Works Credit Management is an international debt recovery and credit management company that helps businesses and individuals recover overdue payments and unpaid debts. The company provides professional debt collection and financial dispute resolution services for clients across multiple countries, including Montenegro, through its international recovery network.
IRS, headquartered in Surrey, Canada, specializes in debt recovery and credit risk management for businesses and financial institutions.
Lending in Canada is regulated by Bank of Canada, Canada Deposit Insurance Corporation, Competition Bureau Canada, and Financial Consumer Agency of Canada. Check their current license and reporting rules before you start lending.
The Lendsqr blog has a guide to getting a lending license in Canada.
Starting lending in Canada? Here’s how to get licensed (opens in a new tab)
The Lendsqr lender directory lists 40 lenders in Canada.
Typical loans from lenders listed in Canada range from CAD 3,500 to CAD 200,000 and USD 2,001 to USD 200,000.
Lenders in Canada can check a borrower's credit history with Caribbean Credit Bureaus Ltd. (CCBL) and Equifax.
Paid plans in Canada start at USD 200 a month. The pricing section on this page shows what each plan includes.
Lenders in Canada disburse and collect with providers such as 2checkout, Braintree, E-commprocessing, Fincra, Helcim, Highradius, Kora, and Mobi cash.
Identity and verification providers in Canada include 4stop, AU10TIX, Blend, Civic, ComplyCube, Fenergo, Fractal ID, and GBG.
Loan recovery providers in Canada include Debt Kontrol, Debt Works Credit Management, IRS, BCA, Central Credit Control, CGI Credit Guard, and Debtkontrol LLC.
Create your Lendsqr account
Want to see first-hand how Lendsqr can push the boundaries of your lending business? Create an account for free and check it out, we'll be with you every step of the way
Create free account
