About Refresh Financial
Refresh Financial is a Financial Services company based in Kelowna (Canada) founded in 2010, and was acquired by Borrowell in December 2020. Credit Builder programs for persons with badno credit. The company has 34 employees. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans.
Company details
Refresh Financial is a credit services company focussing on building credit. It provides a flagship credit builder program, whereby a secured account is created that no one can touch or access. The program is arranged into very affordable payments, each of which contains an interest component. With this interest, Refresh Financial is able to report the program as an installment loan to the credit bureau. With every payment made, the credit score improves. As only a portion of the payments goes to interest and fees; the rest is returned back to the participant.
- Headquarters Kelowna, Canada
- Employees 34
- Stage Acquired
- SectorsFinancial Services
- Website refreshfinancial.ca
- Social LinkedIn X Facebook
- Acquired by Borrowell (Dec 2020)
Investors in Refresh Financial
Refresh Financial has secured backing from 1 investor. Prominent investors backing the company include Borrowell.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Credit monitoring and financial products comparison platform is provided. | 2014 | borrowell.com | Toronto, Canada |
Investor details for Refresh Financial
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Timeline of Refresh Financial
2 dated milestones of Refresh Financial across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Refresh Financial is founded.
- Exit Acquired by Borrowell.
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Frequently Asked Questions about Refresh Financial
Refresh Financial was founded in 2010.
Refresh Financial is headquartered in Kelowna, Canada. It is registered at Kelowna, British Columbia, Canada.
Refresh Financial has 34 employees.
Refresh Financial is a credit services company focussing on building credit. It provides a flagship credit builder program, whereby a secured account is created that no one can touch or access. The program is arranged into very affordable payments, each of which contains an interest component. With this interest, Refresh Financial is able to report the program as an installment loan to the credit bureau. With every payment made, the credit score improves. As only a portion of the payments goes to interest and fees; the rest is returned back to the participant.
Refresh Financial has 1 investor. Key investors include Borrowell.
Yes. Refresh Financial was acquired by Borrowell in December 2020.