Grow Financial

Grow Financial

February 18, 2016 08:00 ET

Grow, Winner of Techvibes Startup of the Year, to Open Toronto Office at MaRS Discovery District

Grow expands operations in Canada, moving to the country's largest urban innovation hub

TORONTO, ONTARIO--(Marketwired - Feb. 18, 2016) - Grow, the rapidly expanding FinTech platform that offers Canadians more affordable and more convenient personal loans, announced today that it is opening an office in Toronto at MaRS. Grow is taking space in the MaRS Centre, further strengthening a partnership with the innovation hub that has helped create strong relationships between Grow and Canada's financial institutions.

"As Canadian financial institutions are actively looking to partner with Canadian financial technology (FinTech) companies, we are excited to grow our presence in Toronto and take space in MaRS Discovery District," said Kevin Sandhu, Founder and CEO of Grow. "As a company headquartered in Vancouver, we look forward to tapping into an experienced finance talent pool. This new office is a significant milestone as we continue to drive innovation in the banking industry, and improve the financial health of Canadians."

"We are thrilled to welcome Grow to MaRS as they expand their operations from Vancouver to Toronto," said Adam Nanjee, Head of FinTech at MaRS. "Hosting high-growth FinTech companies like Grow helps establish MaRS as one of the top global FinTech hubs."

With this announcement, Grow continues to build on its momentum as a leader within Canada's burgeoning financial technology sector. As the recent recipient of Techvibes Startup of the Year award, and recently completing a $10.2M capital raise led by Markus Frind of PlentyOfFish, Grow is helping Canadians to reduce their financial stress and take control of their financial health. Grow is committed to working with Canadian financial institutions to decrease the burdensome cost of Canadian consumer debt and provide more stability to Canada's financial system.

ABOUT GROW

Grow is reinventing banking by leveraging the power of technology to make personal finances understandable and anxiety-free. Through cutting-edge software and data science, Grow gives Canadians a faster, easier and more affordable way to borrow. The company's no-fee personal loans are entirely online, only take minutes to apply for, and are funded by the next business day. Grow's newest product, RateTracker, provides unparalleled transparency into a person's creditworthiness by offering an updated interest rate on a monthly basis and information about what the person can do to improve their financial health. Grow was founded in 2014 and is headquartered in Vancouver, BC. Visit www.poweredbygrow.com to learn more.

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