The world of personal finance has always been difficult to navigate, but the enormous range of digital Fintech products and services available these days has made it more challenging. There are hundreds of businesses providing loans, credit cards, mortgages, insurance, and banking services, and it is difficult to know which ones to choose without education and a credit check.
Borrowell provides a free credit scoring and financial education service, providing Canadians with a free weekly credit score and helping them to choose appropriate financial services. This is achieved through offering free tips and financial education content before recommending relevant companies, helping users to find the financial tools they need whilst connecting fintech companies with new customers.
The oversaturation of companies in the fintech industry makes finding the right financial tools overwhelming, and therefore Borrowell’s approach of advising users on finding the right services is a smart one. By offering the credit checking and product recommendation service for free, the company encourages Canadian citizens to be smart with their money whilst helping companies acquire new customers.
Steph
Company Specialist at Welcome to the Jungle