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Home Capital invests C$3M in Lendified

Home Capital Group Inc. made a C$3 million strategic investment in Lendified Holdings Inc., parent of Lendified Inc., which provides online loans to Canadian small businesses.

Lendified also provides a software-as-a-service credit platform to North American financial institutions. Home Capital provides services such as residential and nonresidential mortgage lending, securitization of insured residential mortgage products, consumer lending and credit card services through its subsidiary Home Trust Co.