Established Proof And AI Automated Business In Oshawa For Sale

Description

Business type: automated payday lending platform territory

Location: Oshawa, Ontario

Sale type: new exclusive territory licence opportunity

Existing business resale: no

Franchise or licence model: territorial licence

Territory protection: exclusive Oshawa territory

Investment details

Territory licence fee: $125,000 to $175,000

Minimum loan capital requirement: $200,000+

Required loan capital: dependent on territory

Platform

Platform brand: TaxCash

Fintech operating history: since 2018

Platform type: proprietary online payday lending system

Online availability: 24/7

Operating model: highly automated

Automated functions

• Marketing
• Loan applications
• Applicant analysis
• Loan approvals
• Documentation
• Loan payouts
• Collections
• Client support

Artificial intelligence: used within the lending process

Machine learning: used within the lending process

Borrower process

Application channel: online

Funding process: automated through the platform

Funding speed: stated as rapid

Operations

Prior lending experience: not stated as required

Physical storefront: not required

Territory infrastructure: provided through the existing platform

Owner involvement: described as passive by the seller

Licensing and regulation

Payday loan licence: required

Relevant Consumer Protection Agency approval: required

Federal regulatory requirements: applicable according to the seller

Provincial regulatory requirements: applicable

Capital adequacy: required to support lending activity

Buyer requirements

Canadian citizenship or permanent residency: required

Current Canadian residency: required

Regulatory approval: required

Minimum lending capital: $200,000+

Further information

Territorial licences: limited availability stated by the seller

Additional details: available from the seller