LendingArch Expands Footprint Further into the United States, Helps Americans Lower Their Credit Card Debt


Successful Canadian based FinTech LendingArch, today announced its further expansion into the United States, by expanding its Consumer Debt Division Nationwide throughout all 50 states. LendingArch’s Consumer Debt Division is focused in on helping Americans lower or eliminate their Credit Card Debt to manageable levels, so that Americans can continue to “balance the books” within their own households, and not worry about the burden and pressure of being overloaded with debt.

“We are dedicated to the Consumer Debt Space in the United States, and are actively expanding our partner base, with debt consolidation firms, credit counselling partnerships and debt settlement firms signing up in partnership with us, to help aid the clients we bring forward to them through our platform.” Says Paul Hadzoglou, the company’s President. “We are able to help any American with over $10,000 in Credit Card Debt attain a more manageable debt level in order to re-balance their expenses and lower the stress of being in heavy debt”. Says Mr. Hadzoglou.

According to recent studies, Americans have a total of $415 Billion in Credit Card debt, and with the current pandemic, many out of work Americans have had to rely on their credit cards to extend basic living expenses while they find work or obtain government assistance. In fact, according to a recent survey of those who say their household financial situation has gotten worse since the pandemic began, 45% say they have taken on debt because of the pandemic, and 42% say their household financial situation has gotten worse directly because of it, the survey found.

LendingArch’s blistering expansion into the USA marketplace marks 6 years of successful business in Canada and provides a robust online financial and lending platform that Americans will be able to browse, gain education from and utilize to compare financial rates for various loan categories. LendingArch is currently one of the largest destinations for rate comparison in Canada and furthermore was recently named the 17th Fastest Growing Company in Canada by Report on Business TV and the Globe & Mail’s Top Growing Companies.

“In addition to helping Americans with their Credit Card debt, we will be offering many financial products that Americans will be needing to get through the pandemic and its aftermath. Products like personal loans, Insurance, low interest credit cards, auto-loan refinancing or even credit management advice will all be in high demand and will be available through our platform” Says Paul.

As a digital provider, the platform is also helping Americans maintain social distancing. Americans will be able to use LendingArch’s contact-free service to apply for loans or debt relief services without leaving the comfort and safety of their homes, allowing consumers to obtain what they need, without having to step foot in a bank, office building, storefront, loan shop or similar, and all loans or services that you apply for through LendingArch will be processed digitally.


Calgary FinTech Firm LendingArch Named 4th Fastest Growing Startup in Canada for 2020 by Canadian Business Journal and MacLean’s Magazine as the Annual list of Canada’s Fastest-Growing Companies is Unveiled


Canadian Business has ranked LendingArch No. 4 (Four) on the annual Startup List, the definitive ranking of Canada’s Top New Growth Companies.

Produced by Canada’s premier business and current affairs media brands, the Startup List ranks Canadian businesses on two-year revenue growth. Startup List winners are profiled in a special print issue of Canadian Business published with Maclean’s magazine and online at CanadianBusiness.com and GrowthList.ca.

LendingArch made the 2020 Startup List with two-year revenue growth of 6633%.

“The companies on the 2020 Startup List are exceptional. Their stories are a masterclass in how to survive when the economy throws a curveball. Despite turbulence, the 2020 Growth List and Startup List companies showed resilience, spirit and, most importantly, empathy and strong leadership,” says Susan Grimbly, Growth List Editor. “It’s encouraging to see that the heart of Canada’s entrepreneurial community beats strong, even in tough times.

LendingArch, the nation’s leading online financial marketplace gives Canadians the ability to compare rates and shop for loans from over 400 trusted partners. LendingArch provides Auto loans, Personal loans, Insurance and Credit Card comparison services through their platform www.lendingarch.ca. “We are very happy to be named the 4th fastest growing startup in Canada“. Says Paul Hadzoglou, the company’s President. “We will continue to strive to make LendingArch a household name within Canada for various categories of loans and continue to provide premier customer service to all of our highly valued customers within Canada“. Says Mr. Hadzoglou.

Arti Modi, one of the company’s Founders who oversees Business Development relationships within the Company’s marketing division and leads a robust Marketing team within LendingArch. “We have seen spectacular growth within the marketplace for Auto loans in Canada and look forward to showing Canadians our solutions for other categories of Loans such as Personal loans and Guarantor loans as we expand our footprint within those sectors by end of Q4 2020″, says Arti. “We are thrilled to be recognized as the fourth (4th) fastest growing company in Canada and would like to thank all of our valued customers in Canada for trusting in our brand to provide them the solution they are looking for” Says Modi.

Since 2015, LendingArch has seen over 280,000 Canadians apply through their platform for a loan, and currently attracts over 15,000 applications per month. LendingArch has been nominated for and has won multiple awards for growth and innovation within the Fintech Sector and is a significant brand and leader in the online lending and rate comparison category within Canada.