goPeer, Canada’s leading peer-to-peer consumer lending platform, reports double-digit returns for customers


Historic first year amid rapid growth and growing demand, hires new CMO

Toronto, Ontario–(Newsfile Corp. – March 16, 2022) – goPeer, a leading private investment platform that is the first of its kind to successfully offer peer-to-peer consumer lending to Canadians, announced an important milestone for the company by receiving over $100 million in loan applications since the start of 2021. During this short and transformative period, the Toronto-based startup has delivered average annualized net returns of 10.1% to investors on the goPeer platform, more than three times the returns reported by the S&P Canada High Yield Corporate Bond Index over the same period1.

Over 25,000 Canadian investors and borrowers have joined the goPeer platform, a 400% growth rate since the start of 2021, demonstrating the growing demand for alternative lending solutions to help deliver innovative, high-yield investment opportunities to Canadians.

This achievement follows a $1.25 million pre-seed funding round. The raise, which was completed in the summer of 2021, was led by Bulldog Capital Partners and Random Occurrence, and included an investment from the Ontario Innovation Center (OCI). Proceeds from the funding round were used to invest in new product development, to grow goPeer’s user base of borrowers and investors on the platform, and to invest in acquiring and retaining new talents within goPeer.

“OCI is always happy to invest in cutting-edge, made-in-Ontario technology platforms. When we met goPeer’s CEO, Marc, it was clear to us that there was a large potential market for goPeer’s solution, and we were keen to support Marc and his team through the co-investment fund of preparation for the OCI market. goPeer is making an impact in the fintech sector and this is a very important and exciting step for the company,” said Balinder Rai, Business Development Team Leader, Innovation Center Ontario.

“Thousands of savvy Canadians use goPeer to invest in consumer loans. They reap the benefits of portfolio diversification and earn strong risk-adjusted returns on their investments,” said goPeer CEO Marc-Antoine Caya. “Right now, we see a huge opportunity to democratize private capital markets and repeatedly hear from our clients that they are looking for more opportunities to diversify their investment portfolio. We are honored to bring these new financial opportunities to market while helping to better the financial well-being of Canadians. »

goPeer connects Canadians in need of a loan with Canadians looking to invest. By disrupting the traditional lending model, goPeer’s cutting-edge financial platform offers everyday investors the ability to access an asset class in a way that was previously reserved for large financial institutions. It also gives Canadian borrowers access to money at affordable rates, providing a new way to refinance debt or pay off high-interest credit cards. Full credit checks and full regulatory compliance are met for every loan, ensuring the protection of borrowers and investors.

Rapid growth led goPeer to expand its management team, with the recruitment of Roshni Wijayasinha as Marketing Director. Wijayasinha joins CEO and co-founder Marc-Antoine Caya and CTO and co-founder Joseph Buaron. In his new role, Wijayasinha will oversee the marketing strategy while scaling the marketing infrastructure and team.

About goPeer
goPeer is a Toronto-based fintech company that connects modern investors with creditworthy Canadians looking for a loan. Their marketplace uses technology to remove inefficiencies from the consumer lending process, resulting in better rates for borrowers, while providing investors with access to a high yielding asset class. For more information, please visit www.gopeer.ca

Media contact:
kris gandhi
[email protected]opeer.ca
1-844-960-3090

1The information contained in this communication, including goPeer’s reported average net returns to its investors, should not be relied upon by prospective investors in making an investment decision in goPeer or by investors who have previously invested in goPeer to invest more in goPeer or change their investment. in goPeer. This communication is intended for marketing and general information purposes only. Investors choosing to invest money or who have previously invested in goPeer should refer to Peer Capital Corporation’s offering memorandum (available at gopeer.ca) which contains information regarding goPeer’s risk-adjusted net returns offered to investors, which may differ from the information presented in this communication. The content of this communication is entirely subject to the goPeer offering memorandum. Investing with goPeer is risky and investors should seek professional advice (including tax, legal, accounting and financial advice) as they deem necessary before investing in goPeer.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116888

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