May 18, 2022

Loans

Its All About The Money

Canadian FinTech Lending Study 2022 by Smarter Loans

14 min read

According to Smarter Loans’ Canada FinTech Lending Study 2022, which gathered the feedback of 2,462 Canadian fintech lending customers, the demand for digitally accessible financial products in Canada continues to grow at a fast pace.

FinTech Lending Trending Up

The 4th annual research study by Smarter Loans, published on January 25, 2022, reveals growth and maturation in the FinTech lending sector, evidenced by:

– More new entrants entering the market (60+ lenders now accessible on Smarter Loans)
– More comparison shopping and self-education by borrowers, who increasingly consume videos and social media to make financial decisions
– Loans are getting faster with over 50% of personal loans issued the same day that the application was completed
– Greater trust and overall product satisfaction in the industry, compared to prior years

…and much more!

Download the full version of the study here: https://slmembership.kartra.com/page/FJO131

Study is produced and published by Smarter Loans (https://smarter.loans/)

Source: Smarter Loans

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