CommunityLend

FinanceIt.ca announces exclusive financing partnership with HomeStars

Toronto, Ontario – FinanceIt.ca, Canada’s new sales financing service from CommunityLend Inc., is the exclusive financing sponsor for HomeStar’s Best of 2010 Awards.

HomeStars is a growing online community of homeowners and over 2 million home improvement companies throughout North America which offers a free service for homeowners to find reputable home improvement companies by searching its database. Homeowners write reviews based on their home improvement experiences – both good and…

CommunityLend Expands its Unique Online Lending System to British Columbia

New Peer-to-Peer Lending service helps borrowers to get better rates by cutting out the “middleman” in Canada’s multi-billion dollar personal lending market

Toronto, ON – September 1, 2010: Canadian Internet company CommunityLend Inc., today announces that its unique peer-to-peer lending system is now available to eligible borrowers and lenders in the province of British Columbia.

“Given the especially high usage of community-oriented financial institutions like credit unions in Briti…

CommunityLend Inc. partners with Strength Finance to bring new financing alternatives to the rapidly growing vendor-based finance industry

FOR IMMEDIATE RELEASE:
June 18th, 2010 –CommunityLend Inc., Canada’s only online peer-to-peer lending company, has entered into a partnership agreement with Strength Finance, an industry leader in vendor-based financing solutions, to provide a new financing alternative to the rapidly expanding vendor based finance industry in Canada.

”We are excited by the opportunity to work with a real market leader in financing solutions for point-of-purchase vendor sales,” noted Michael Garrity…

CommunityLend Announces Two New Advisors

TORONTO (May 17th, 2010): CommunityLend, Canada’s only online peer-to-peer lending service, today announced the addition of two new advisers to the company’s rapidly growing Advisory Board: Bill Cilluffo, President of International Business for Capital One and John Philip Green, Founder & CTO of Savvica.

“We are excited to announce these two high calibre executives joining us as advisers to the company. Both Bill and John bring with them significant professional experience in areas importa…

Newstart Canada and CommunityLend Inc. Announce Partnership to Help Formerly UnBankable Canadians 'Graduate' into Better Rates and Better Credit!

Canada NewsWire

TORONTO, April 27

TORONTO, April 27 /CNW/ – Newstart Canada, a 30 year old Ontario based group of companies specializing in credit improvement, today announced a formal partnership with CommunityLend, Canada’s first and only online peer-to-peer lending company. Under the terms of the partnership, CommunityLend will work with Newstart to set up loan requests for Newstart customers who have improved their credit and now qualify for a better borrower rate in the CommunityLend o…

MorWEB partners with CommunityLend Inc. to provide direct access to unsecured lending options

MorWEB partners with CommunityLend Inc. to provide direct access to unsecured lending options for the Canadian Mortgage Broker market April 20, 2010

Marlborough Stirling Canada (MSC) is pleased to announce that direct access to CommunityLend, Canada’s only online Peer-to-Peer lending service, will now be available to the broker market using MorWEB.

MorWEB brokers will now be able to seamlessly refer clients directly to CommunityLend to arrange unsecured loans from private investors. This…

CommunityLend Introduces Peer-to-Peer Lending to Canada

Online lending company aims to help borrowers get better rates by cutting out the “middleman” in Canada’s multi billion dollar personal lending market

Toronto, ON – February 17th, 2010: Toronto-based Internet company CommunityLend Inc., recently announced the launch of Canada’s only online peer-to-peer lending system after over two years of regulatory consultation and platform development.
Peer-to-peer (p2p) lending is an international financial services innovation which cuts out the…

Online peer-to-peer lending business launches in Canada

Michael Garrity, co-founder and CEO of CommunityLend Inc., a peer-to-peer lending service launched in Canada last month, describes the service, return experience for investors, risks and regulation. He spoke at the TMX Broadcast Centre.

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SIT to Add Power to CommunityLend’s Social Lending Platform

Toronto, Ontario

Toronto-based CommunityLend announced today that it has chosen to work with Strategic Information Technology Limited (“SIT”) as a strategic service partner. CommunityLend will be using Portfolio Plus, a core SIT product, to deepen the functionality of its social lending platform.

“We chose Portfolio Plus because of the way it can marry a solid core banking infrastructure with the flexibility that comes from the latest Web 2.0 technologies,” said Colin Henderson, Chief T…

CommunityLend Enlists Unspace Interactive and Reaffirms Commitment to Open Source Computing

Toronto, Ontario

Toronto-based CommunityLend announced today its choice to work with open source application development pioneers, Unspace Interactive. Unspace are North American leaders in the development of online applications using the Ruby on Rails development framework and have built this strong reputation by specializing in the development of consumer-facing transactional online applications. While Unspace Interactive has been working with CommunityLend for a year now, today’s announce…

CommunityLend Announces Board of Advisers

Toronto, Ontario

Toronto-based CommunityLend announced today the creation of its Board of Advisers. The Board is comprised of industry leaders who will advise and guide the company on strategic decisions and business progress.

“We are very excited about the talent and expertise represented in our Board of Advisors as well as their commitment to extend themselves in support of CommunityLend’s market vision and business operations,” said Michael Garrity, Co-Founder and CEO of CommunityL…

CommunityLend Announces Board of Directors

Toronto, Ontario

Toronto-based CommunityLend is pleased to announce today its new Board of Directors. CommunityLend is committed to good governance and believes that the Board of Directors reflects this commitment. These Directors bring to CommunityLend significant experience in financial services, regulatory environments and effective business operations.

Michael Garrity, CEO of CommunityLend stated that, “The new Board of CommunityLend brings with it a wealth of professional experienc…

CommunityLend Announces $2.5-Million Round of Funding

Toronto, Ontario

Toronto-based CommunityLend announced today that it has secured a $2.5-million Series-A round of venture capital. CommunityLend is a unique social lending service launching in Canada in mid-2008. CommunityLend will join the social-banking revolution currently underway around the World. Gartner has forecasted that by 2010, social-banking platforms will have captured 10% of the available worldwide market for retail lending and financial planning.

The funding comes from a vari…