September 30, 2016
On September 28, 2016, Vault Circle Inc. (Vault Circle) announced that it had received approval by the Ontario Securities Commission (OSC) to operate as an exempt market dealer in Ontario.
The proceeds raised by Vault Circle from accredited investors will be used by Lendified Inc. (Lendified), an affiliate of Vault Circle, to provide alternative financing options to small and medium sized businesses (SMEs) in Canada. Lendified is one of a series of new financial technology companies established in Canada over the course of the past couple of years which are collectively seeking to occupy the small business lending market segment that has traditionally been viewed as underserved by larger financial institutions.
By offering investor notes through its platform, Vault...
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