Peach announces international expansion with Canada launch

By Delisha Fernandes

Peach Finance, a modern loan management and servicing technology platform, has announced its international expansion with a launch in Canada.

The company, which enables FinTechs and traditional financial institutions to launch and confidently scale lending programs quickly, shared the news alongside an announcement that it had partnered with Snaplii, a Canadian digital wallet and mobile payment FinTech.

“We have already built the industry’s most flexible servicing platform—one that can support virtually any asset class and easily adapt as lending programs, regulations and borrower preferences change,” said Eddie Oistacher, CEO Peach. “We have also assembled a team with significant experience running lending programs in Canada, Australia and the UK. We are happy to partner with Snaplii as we begin our international expansion journey.”

“At Snaplii, we are focused on driving the North American FinTech industry forward,” said Spencer Xu, CEO Snaplii. “We are aggressively pursuing initiatives that unlock mutual value for consumers and merchants. We offer consumers a convenient payment system and one-stop membership benefits while giving merchants ways to increase loyalty and engagement.”

Earlier this year, Peach announced the launch of its Self-Service Portfolio Migration capability. The capability streamlines the migration process and allows lenders to manage migrations themselves, reducing the time, effort, risk, and cost associated with migrating their existing lending portfolio.

The tool is suitable for both instalment loans and lines of credit and is offered at no cost to lenders migrating their portfolios onto Peach’s platform.