Borrowell is celebrating its tenth anniversary in style.
The Toronto-based financial technology firm broke ground in Canada when it launched in 2016 to become the first company in there country to provide credit scores for free.
“We founded Borrowell because we believed everyone deserves clarity around their finances,” says Andrew Graham, a cofounder who serves as chief executive officer.
In 2026, Borrowell now boasts four million members, according to Graham.
“We’re proud that four million Canadians–one in nine adults–have trusted us to be a part of their financial journey,” commented the CEO.
It has been estimated that more than three million people aged 18-plus in Canada are “credit invisible.”
Canadians using Borrowell have increased their credit scores by over 87 million points through tools like Credit Builder and solutions like Rent Advantage, according to Graham.
“As a group, our members have grown their scores by 87 million points,” he stated. “This represents real, life-changing progress, whether that means qualifying for better credit cards and loans, buying their first home, or having the peace of mind that comes with financial stability.”
To celebrate, Borrowell is hosting a month-long 4-Million Member Giveaway in June with $25,000 in prizes.
“This giveaway is our way of saying thank you and giving back to the community that has made Borrowell Canada’s leading credit monitoring and financial marketplace platform,” said Graham.
New and existing members can win daily prizes worth $10 to $300 or a $10,000 cash grand prize.
Borrowell reached two million users in 2021.
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