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Spring Financial

Spring Financial

Private

Last Round

Convertible Debt

Jun 27, 2022

Total Funding Raised

$209.2M

Company Overview

Spring Financial is a financial services company that provides online access to personal loans, mortgage solutions, vehicle financing, and credit-building products for Canadians.

Sector

FinTech

Verticals

Lending & Credit, Personal Finance, Credit Scoring, Digital Banking

Business Model

B2C

Customer Profile

Services & Consulting

AI Layer

Application

Keywords

personal loanscredit buildingbad credit loanssubprime lendingmortgagescredit monitoringonline lenderneobankdirect-to-consumerDTCautomated underwritingalternative financingfintechinstallment loanscredit score repair

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

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Spring Financial Comparables

Compare Spring Financial with similar companies based on industry and business-model similarity.

Spring Financial comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
KOHO
87%
Borrowell
86%
goeasy Ltd.
78%

Spring Financial Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Convertible DebtJun 27, 2022
Series BAug 18, 2021
Series AJan 1, 2019

Key People

Founding team and executive leadership

Michael Galpin

CEO

Executive Team

Cory Eden

Chief Technology Officer

Executive Team

Victor Ko

Chief Financial Officer

Executive Team

Spring Financial Investors

Notable investors and investment history

Spring Financial investors
InvestorRounds
OPENLANE, Inc.Series B
Anthos CapitalSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Sep 21, 2024

    Grew 18% QoQ, from 221 to 261 employees.

  • Aug 18, 2021

    $78M round led by OPENLANE, Inc.

Spring Financial Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Spring Financial Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Spring Financial's valuation, stock price, and market status.

Firmographic Details

HeadquartersVancouver
Employee Range340
Year Founded2014
Last FundingJun 27, 2022

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