“We have the visibility of their month-to-month spending and their bank balance, so we can comfortably offer loans.” caarycapital wants to build a new kind of financial relationship with businesses in Canada. finance realestate realestatedevelopment
are also making their presence known in the credit card market that is currently dominated by big banks.CEO, John MacKinlay, to learn more about how the start-up could help real estate developers and brokers, too.
Currently, there are 100 clients using Caary’s platform including companies in real estate development, construction, and the renovations sector. Cards can be programmed to only be used at a certain location , or certain demographic to help streamline costs. “We have the visibility of their month-to-month spending and their bank balance, so we can comfortably offer loans,” says Mackinlay. “It’s not just access to credit, as in here you go spend it as you will. We’ve embedded tools to help you manage things.”
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