Railz Joins the Canadian Lenders Association (CLA) as an Approved Vendor

The Canadian Lenders Association (CLA) has a new face on their approved vendor list — it’s Railz! CLA’s goal is to support the growth of Canadian financial technology companies and we’re amongst some really great startups and fintechs on their list.

Railz is an approved vendor of the Canadian Lenders Association

What is the Canadian Lenders Association (CLA)?

The Canadian Lenders Association (CLA) supports the growth of fintech companies that are focused on lending — they highlight businesses that use innovative underwriting technology effectively and responsibly. CLA seeks to work across a spectrum of financial services in Canada and, alongside the provincial and federal governments, strives to develop future standards that will ultimately benefit both the financial customer and the Canadian economy overall.

The CLA ensures the business practices of their approved vendors address the needs of Canadians by supporting Canadian banking customers’ ability to improve their credit score.

The Canadian Lenders Association focuses on vendors that align with their values of:

• Trust and transparency
• Provide access to credit
• Make impact to regulation and the market
• Support The Future of Lending™

Railz is an approved vendor of the CLA

As an approved vendor of the CLA, we are noted as a best-in-class vendor for Canadian lenders. Our Accounting Data as a Service™ API provides a single connection to all major accounting service providers, which means financial institutions can have a holistic view of commercial accounting data. We want to refocus the industry away from using personal credit in making business financing decisions. To achieve this, we enable small-medium businesses to provide their business financial data to get the credit and loans they need to keep their businesses thriving! Financial institutions can make faster, better decisions and sift through messy accounting data with ease using Railz.

How to get involved in Canadian Lenders Association

If you’re a financial technology company focused on changing and improving the lending and credit space for customers and banks alike, you can request to become a member and approved vendor of the Canadian Lenders Association.

You can also attend Canadian Lenders Summit which is the largest event for lenders in Canada. Join us and over 700 fintechs, banks, credit unions, capital advisors, brokers, VCs, and government leaders in Toronto at Mars Discovery District this November. Canadian Lenders Summit is a key platform to network with Canadian finance experts. We hope to meet you there! 👋