Grow is working with First West Credit Union to expand online consumer lending.
In what Grow describes as “the first venture of its kind,” the Vancouver startup will bring its technology with First West will deliver insight from in-person, consumer-facing banking.
2015’s Startup of the Year, Grow’s online lending technology allows users to apply for a loan online 24 hours a day and to receive an instant quote without impacting their credit score. By working with First West, Grow aims to be the first to provide people living in British Columbia access to on-demand and fully digitized online lending through a Canadian credit union or bank.
“The way Canadians access and use financial services is rapidly changing,” says First West Credit Union CEO Launi Skinner. “We want to lead these changes to ensure we’re providing our members with the services they want and need. First West has a strong commitment to innovation and keeping the banking relationship simple.”
“We’re thrilled to be working with First West Credit Union, one of the country’s most innovative financial institutions,” says Grow CEO Kevin Sandhu. “Our companies share a similar culture, focused on constant innovation and unparalleled customer service to improve our communities’ wellbeing.”