Canadian FinTech Lending Study 2022

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)

– Greater trust and overall product satisfaction in the industry, compared to prior years

– 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

…and much more!

Download the full version of the study here!

Smarter Loans Staff

The Smarter Loans Staff is made up of writers, researchers, journalists, business leaders and industry experts who carefully research, analyze and produce Canada's highest quality content when it comes to money matters, on behalf of Smarter Loans. While we cannot possibly name every person involved in the process, we collectively credit them as Smarter Loans Writing Staff. Our work has been featured in the Toronto Star, National Post and many other publications. Today, Smarter Loans is recognized in Canada as the go-to destination for financial education, and was named the "GPS of Fintech Lending" by the Toronto Star in 2019.

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