MEDIA KIT JANUARY 2015 CONTACT Jesse Penner www.grouplend.ca email: [email protected] phone: +1 (604) 614-8179 COMPANY OVERVIEW MISSION We’re on a mission to help Canadians achieve financial freedom and improve their lives. VISION Everywhere around us, technology is transforming industry. Transportation, medicine, communication—they’ve all evolved in the wake of this disruption. Finance in the next institution to bear the brunt of this paradigm shift. That’s where we come in. Grouplend is Canada’s newest and most innovative lending platform. Manual, paper-based processes have been displaced by cutting edge, data-driven technology. Impersonal branches have given way to friendly user interfaces. Business hours have fallen to an always-on, personalized experience that is accessible from anywhere. Guesswork and assumptions have ceded to science-driven, evidence-based decision making. There’s now a wealth of data available in the world of finance that allows us to offer more affordable and reliable financial services. We use this approach to give people the borrowing experience that they deserve. MILESTONES After a year and half of navigating a complicated regulatory maze, as well as developing proprietary technologies and systems, Grouplend launched in October of 2014 in British Columbia, Ontario and Alberta. Late in November of 2014, we expanded to the rest of Canada, with the exception of Quebec and Nova Scotia. GROUPLEND MEDIA KIT — PAGE 01 GROUPLEND IS FIXING BANKING FOR CANADIANS PROBLEM SOLUTION Personal borrowing in Canada is inconvenient and expensive. Banks and credit card companies charge a fortune to consumers to make up for the overhead associated with manual, paper-based processes and outdated systems. Service is slow and it’s limited to restrictive business hours. Using technology and data-driven systems, we are able to lower the cost of borrowing, meanwhile increasing the speed and quality of service. By giving qualified investors the opportunity to fund borrowers’ loans, we further reduce costs to offer Canadians a better borrowing experience. Bank profits are growing at record levels. In 2014, they will take in $31.9 billion in profit. Meanwhile, the average Canadian’s debt has also hit record levels. TransUnion reports that the average consumer will owe more than $28,000 in credit card and consumer debt by the end of 2014. The banks are getting rich at the expense of responsible, middle class Canadians. Banks profits vs. Average Consumer Debt in Canada Average Consumer Debt $40B $30K $31B $27K $22B $24K $13B $21K $4B $18K 2006 2007 2008 2009 2010 2011 2012 2013 2014 Average Consumer Debt (excluding mortgages) Big Five Banks’ Combined Profit (Billions) Bank Profits Grouplend, Canada’s first online lending platform, is challenging the status quo in Canadian banking by offering more affordable rates on personal loans and delivering a friendly, personalized customer experience. GROUPLEND MEDIA KIT — PAGE 02 REFRESHINGLY SIMPLE LOANS Grouplend is a lending platform that gives Canadians access to better and more affordable rates on personal loans. Our platform uses custom built financial technology that allows consumers to apply and qualify for a loan in under 3 minutes — all without affecting their credit score. Entirely online and easy-to-use, Grouplend makes borrowing refreshingly simple. GETTING A PERSONAL LOAN DOESN’T HAVE TO BE A FRUSTRATING PROCESS INSTANT PERSONALIZED QUOTE THAT DOESN’T AFFECT YOUR CREDIT SCORE Apply for a loan from your computer, phone, or tablet for up to $25,000 in under 3 minutes without affecting your credit score. SAVE MONEY AND PAY BACK LOANS FASTER Consolidate expensive debt or credit card balances and pay them back in less time with rates that start at 6.9% APR. BY FAR THE LOWEST RATES FOR PERSONAL LOANS We use technology and data-driven systems to reduce the extra costs associated with traditional lending and pass those savings on to you. COMPLETELY SAFE AND SECURE We use bank-grade security, and the latest in fraud detection and privacy protection technology to keep your information secure. GROUPLEND MEDIA KIT — PAGE 03 MANAGEMENT TEAM KEVIN SANDHU FOUNDER AND CHIEF EXECUTIVE OFFICER A former investment banker and private equity investor. He left Bay Street to found Grouplend out of a deeply rooted belief that Canadians deserve better financial services. The existing landscape of banks and financial institutions fail to provide the quality of service that people expect. Watching from afar as consumer debt levels in Canada continued to rise, he devised a way to employ modern technology to deliver financial products that solved the problem, not exacerbated it. He graduated from Simon Fraser University on the Dean's List with a degree in Finance and is a CFA charterholder. DANIEL COWX CO-FOUNDER AND CHIEF TECHNOLOGY OFFICER A highly experienced technologist who successfully founded, grew, and sold a profitable cloud-based computing software company. Previously with Creo, Kodak, and Sony. Graduated from Simon Fraser University with a first class honours degree in Software Engineering. DARRYL KNOPP SENIOR VICE PRESIDENT, CREDIT & RISK MANAGEMENT Over twenty years of international credit and risk management experience. Previously served as Chief Risk Officer of one of Vietnam’s leading banks, as well as the Senior Vice President of Lehman Brothers Asia. Held several senior management roles in Canada, the US and Japan, including TD Bank, FICO, and PC Financial. Graduated from the University of Calgary with a degree in Actuarial Science and minor in Commerce. GROUPLEND MEDIA KIT — PAGE 04
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