CommunityLend Launches Licensed Peer-to-Peer Lending in Canada
Posted in Canada, CommunityLend, Government Regulation, Site Launches on January 11th, 2010 by P2P Lending News – 2 Comments
Nearly three years after starting to build out what they hoped would be the first social lending company in Canada, CommunityLend has finally launched for borrowers and lenders in the Canadian province of Ontario. Despite having a lot of the technical pieces in place for years, CommunityLend’s launch was continually delayed for regulatory reasons. Now that CommunityLend is licensed and registered in Ontario as a Portfolio Manager and Exempt Market Dealer, the site is available for borrowing and lending.