Refresh Financial: Borrowell secures $25m in funding to acquire Refresh Financial | FinTech Global

Canadian FinTech Borrowell has raised $25m to complete the acquisition of Refresh Financial and to support future growth. Borrowell is a credit education company and Refresh Financial provides underserved Canadians with long-term access to affordable and sustainable credit. The round brings the total raised by Borrowell to $55m. New backers Kensington Capital Partners, BDC Capital, iA Financial Group and Impact Engine supported the raise alongside existing investors Portag3 Ventures, White Star Capital, National Bank of Canada's NAventures and Equitable Bank. "This acquisition and fundraise allow us to double-down on our strategy of helping consumers achieve their financial goals," said Andrew Graham, co-founder and CEO of Borrowell. "With an expanded team across the country and a comprehensive suite of credit building solutions, we're eager to help even more Canadians access credit products that meet their specific needs and maximise their long-term financial health. All Canadians