Named by CB Insights in 2017 as one of 38 companies in the world helping the underbanked, Progressa is Canada's fastest growing financial technology lender focused on changing the way pay cheque to pay cheque C...
Named by CB Insights in 2017 as one of 38 companies in the world helping the underbanked, Progressa is Canada's fastest growing financial technology lender focused on changing the way pay cheque to pay cheque Canadians access and build credit. Since 2013, our mission has been to build a socially responsible consumer finance company that encourages borrowing for the right reasons that Canadians can be proud of. Our enterprise solutions suite, driven by the 4th Generation Progressa Score™, is built for collection agencies, enterprise, and point of sale finance.
We empower collection agencies and enterprise to offer proactive solutions and drive healthy recoveries while protecting brand reputation with industry leading NPS and servicing. For point of sale finance we allow platform partners and other originators to expand their merchant offerings to service non-prime consumers and achieve industry leading approval rates.
Progressa is a direct-pay lending platform that helps Canadian individuals who are in debt pay back their due bills. It pays its users’ bills directly so that they are able to manage their debts, interest payments, and collections. The platform provides its users with partial payment loans between $1,000 and $15,000 with payback terms ranging from 6 to 60 months. It enables its users to get access to automated interest rate reductions every six months, helping them cut down borrowing costs with good payment behaviour.
Progressa is a Canadian financial technology company changing the way underbanked Canadians access and build credit. Since 2013, we have processed over 70,000 applications and have helped tens of thousands of Canadians borrow for the right reasons. With a focus on helping Canadians pay their bills, reduce their debt, and build their credit, we are turning lending on its head in Canada and offering a solution to alleviate a major stress for millions of Canadians. Progressa is Canada's only 'Direct-Pay' lender focused solely on non-prime and near-prime consumers. Our online technology platform "Powered by Progressa" allows us to provide our B2B partners a seamless borrowing experience for their customers, and our data-driven underwriting approach allows us to work through complex financial situations in 15 minutes or less.