VANCOUVER, British Columbia --Grow, one of Canada's leading online lenders, said it has entered into a collaboration with First West Credit Union to explore expansion of online consumer lending in Canada.
According to Sys-Con Media, the new venture is among the first of its kind. “Grow brings its cutting-edge lending technology while First West provides insight from the in-person consumer-facing experience and the strength of a trusted and respected financial institution,” reported Sys-Con Media. “Grow's online lending technology allows users to apply for a loan online 24 hours a day and to receive an instant quote without impacting their credit score. If approved, loans can be funded in as little as a few hours. By working with First West, Grow aims to be the first to provide people living in British Columbia access to on-demand and fully digitized online lending through a Canadian credit union or bank.”
"The way Canadians access and use financial services is rapidly changing," First West Credit Union CEO Launi Skinner told Sys-Con Media."We want to lead these changes to ensure we're providing our members with the services they want and need. First West has a strong commitment to innovation and keeping the banking relationship simple. Grow has built a great product. We're really looking forward to working more closely with them and exploring the next wave of financial service delivery."