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Introducing Fig Financial: The First Fully Digital Alternative to Banks for Personal Loans in Canada

Fig Financial Inc. (“Fig”) Canada’s first completely digital personal loan provider, launches its services to all Canadians, revolutionizing the personal lending experience with flexibility, sec...

Business Wire

Fig’s user-friendly online platform allows loan applications to be completed in just a few minutes, making the lending experience more accessible for Canadians.

TORONTO: Fig Financial Inc. (“Fig”) Canada’s first completely digital personal loan provider, launches its services to all Canadians, revolutionizing the personal lending experience with flexibility, security and care. To date, Fig has helped over 9,000 Canadians with over $135MM CAD in funded personal loans through various partnerships – and is now accessible directly to consumers.

Driven by a mission to simplify the borrowing process, Fig’s online portal provides Canadians with loan approvals in just 10 seconds and enables them to complete the entire application in under 10 minutes. This is a stark contrast to the days or even weeks it takes at traditional banks.

With Fig, customers can choose the amount to borrow, the time frame, and the repayment schedule that works best for them. The platform also provides transparency, addressing a significant gap in the current market where prime customers often lack clear information about their personal lending options.

“We are providing a true alternative to banks for every Canadian who needs better lending options. And we are doing what the banks won’t: making this experience entirely online,” said Francois Cote, CEO, Fig Financial. “If you need to cover unexpected bills and expenses, make home improvements, or pay off your debt faster–whether it’s 3pm or 3am–Fig is available to you.”

Despite being a new entrant to the market, Fig offers Canadian consumers a compelling choice for personal loans, underpinned by the expertise of its seasoned executive team. The company’s leadership brings a combined experience of more than 50 years in leadership roles at various financial institutions and fintechs. Their unwavering dedication to innovation and customer-centric solutions sets Fig apart as a trustworthy partner helping Canadians achieve their financial goals.

Discover how Fig can transform your personal lending experience today, visit https://fig.ca/.

About Fig

Fig is on a mission to revolutionize personal lending in Canada with fast, transparent and convenient online personal loans. Fig is a unique company backed by Fairstone Bank and Koru, a groundbreaking venture studio owned by Ontario Teachers’ Pension Plan. Fairstone has almost 100 years of lending experience allowing Fig to combine the best of both worlds - the agility and scrappiness of the start-up world and the experience, stability and resources of the corporate world.

Fonte: Business Wire

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