Lending software for Canada
A concentrated banking market with a fast-growing alternative lending segment and bilingual disclosure rules. lendhero arrives with Equifax Canada, Interac Verification and Interac e-Transfer already connected, so your team configures products instead of plumbing.
- CAD ($)
- English, French
- 19 local connectors
- 1–2 weeks to launch
Hi, Sophie
764
Credit score
On-time payments
Market profile
Canada at a glance
What lendhero is set up for in Canada before your team logs in.
Currency
CAD ($)
Languages
English, French
Supervisor
FCAC and provincial regulators
Credit data
Equifax Canada, TransUnion Canada
Payout rails
Interac e-Transfer, EFT, Lynx
Data protection
PIPEDA and Quebec Law 25
- 19
- local connectors wired in before kickoff
- CAD
- for pricing, payouts and repayments
- 1–2
- weeks from kickoff to the first loan
- 2
- interface languages: English, French
Working with borrowers in Canada
Tools for every borrower conversation
Borrowers in Canada apply, sign, pay and come back for repeat loans in English and CAD.
Decisioning
Decisions in seconds,
explained in plain words
Third-party and built-in checks run in one flow, for individuals and businesses. Every approval and decline shows the rules and scores behind it.
- Every check in one passAnti-fraud, identification, credit bureaus, sanctions and digital footprint.
- Rules you can readYour team can answer any borrower about why.
Application #48213
Sophie · Consumer loan, 6 months · $2,000
- IdentityVerified
- Anti-fraudPassed
- Credit bureau712
- Debt-to-income31%
- Sanctions & watchlistsClear
Local stack
The Canada stack,
connected before kickoff.
Bureaus, identity, bank data, payment rails and messaging that lenders in Canada rely on. Anything missing is added through the open API.
- Credit bureaus & registries2 connectors
- EEquifax Canada
- TTransUnion Canada
- Identity & KYC3 connectors
- IInterac Verification
- TTrulioo
- MMitek
- Bank & alternative data3 connectors
- PPlaid
- IInverite
- Disbursement rails3 connectors
- IInterac e-Transfer
- EEFT
- LLynx
- Repayments & collections3 connectors
- PPre-authorized debit
- IInterac
- DDebit card
- Messaging3 connectors
- WWhatsApp Business
- E-signature2 connectors
- DDocuSign
- DDropbox Sign
Checks and payments
Who borrows and how money moves in Canada
Applicants are checked with Equifax Canada and TransUnion Canada, and money moves via Interac e-Transfer and EFT.
Client checks
Checks connected in Canada:
- Anti-fraud servicesDevice, behaviour and blacklist checksPass
- Identity verificationInterac Verification, Trulioo, MitekPass
- Credit bureausEquifax Canada, TransUnion CanadaPass
- Government registriesNational ID and tax registriesPass
- Bank and alternative dataPlaid, InveriteReview
- Additional data sourcesTelco, open banking and your own listsAuto
Payment infrastructure
Payment rails connected in Canada:
- Interac e-Transfer
- EFT
- Lynx
- Pre-authorized debit
- Interac
- Debit card
Loan servicing
Every loan and every repayment on one screen
Edit terms, recalculate interest, apply penalties and follow the full schedule without exporting anything.
- Automatic calculations for every loanInterest, fees and penalties in CAD are calculated by a dedicated engine with 200+ configurable parameters. Staff can still adjust any amount by hand, and every change is logged.
- Loan products in minutesSet up consumer, instalment and business products with their rules and scenarios in the admin panel, without a release.
- Notifications tied to every calculationEach due date, penalty and recalculation sends the right message to the borrower and your team.
Loan #48213
$2,000
On track| Date | Amount | Status |
|---|---|---|
| Sep 4 | $360 | Paid |
| Oct 4 | $360 | Paid |
| Nov 4 | $360 | Due in 7 days |
| Dec 4 | $360 | Upcoming |
| Jan 4 | $360 | Upcoming |
Loan flow
How a loan runs in Canada. Five steps, all local.
- 01ApplyBorrowers apply on the web, in the app or via SMS, with forms in English and French.
- 02VerifyIdentity and documents are checked through Interac Verification and Trulioo.
- 03DecideScorecards pull Equifax Canada and TransUnion Canada data and return a decision in seconds.
- 04DisburseFunds go out via Interac e-Transfer or EFT in CAD, straight after signing.
- 05CollectRepayments arrive via Pre-authorized debit and Interac, with reminders over Twilio.
Portals
One platform, three portals
Everyone works in the same system and sees only what their role allows.
Products
What lenders in Canada launch
on lendhero.
Compliance
Configured for FCAC and provincial and PIPEDA and Quebec Law 25.
lendhero is software: the licence stays yours. We set the platform up for the rules you operate under in Canada.
Hosting & data residency
Cloud or on-premise deployment, with data stored where PIPEDA and Quebec Law 25 requires.
Consent & privacy
Borrower consents are captured, versioned and logged under PIPEDA and Quebec Law 25.
Pricing & disclosures
Rates, fees and cost-of-credit disclosures set per product for FCAC and provincial rules.
Audit trail
Every decision, edit and message is logged for internal and external audits.
More markets in North America
All North America markets
United StatesQuestions
Frequently
asked
Didn’t find the answer? Write to us and we’ll reply within one business day.
Can lendhero run a lending business in Canada?+–
Yes. The platform is set up for CAD, English and French and FCAC and provincial requirements, with 19 local connectors ready on day one.
Which credit data sources are connected in Canada?+–
Equifax Canada, TransUnion Canada. On top of that, identity checks run through Interac Verification, Trulioo and Mitek and bank data comes from Plaid and Inverite.
How do borrowers get paid and repay?+–
Payouts go out via Interac e-Transfer, EFT and Lynx in CAD. Repayments arrive via Pre-authorized debit, Interac and Debit card, with reminders over WhatsApp Business.
How long does a launch in Canada take?+–
Usually 1–2 weeks from kickoff to the first loan, including connecting 19 local services, product setup, staff training and a test run.
Can we run several countries on one platform?+–
Yes. One installation serves several countries, each with its own currency, products, languages and local connectors.
Book a demo
Lending in Canada?
Let’s plan the launch.
We’ll walk you through the platform, show what matters for your products and answer questions about your business.
- A 30-minute call
- A walkthrough on your products and markets
- Answers on timeline, integrations and pricing