On October 28, 2020, Vancouver-based FinTech startup Lendesk, announced that they have acquired Finmo Financial Technologies, a Calgary-based mortgage origination platform. The purchase price was not disclosed.
The combined technologies from the two companies will enable brokers to use the suite of products to complete the entire mortgage process both securely and digitally. The acquisition allows brokers to work more efficiently to streamline the mortgage process, improving the broker-lender relationship.
Fasken advised Lendesk with a team led by Enoch Chang (M&A/Corporate) and included Reina Mistry (M&A/Corporate) and Janine MacNeil (Trademark).
The combined technologies from the two companies will enable brokers to use the suite of products to complete the entire mortgage process both securely and digitally. The acquisition allows brokers to work more efficiently to streamline the mortgage process, improving the broker-lender relationship.
Fasken advised Lendesk with a team led by Enoch Chang (M&A/Corporate) and included Reina Mistry (M&A/Corporate) and Janine MacNeil (Trademark).
Jurisdiction
- British Columbia
