Why ‘It’s a World of Opportunity for Canadian Credit Unions’ w/ Adam Rice

Payments Innovation

“I don’t have that much cash available. Is there any way I can get a loan to finance this?”

“I’m sorry, not really,” said the dentist. Adam Rice overheard the conversation, and the idea for Loan Connect was born. Their goal is simple: provide Canadians with personal loans that lenders actually compete to provide.

On this episode, Adam discusses how the platform works, and how it’s defying the odds (and the banks) in Canada.

Adam is the CEO and Founder of Loan Connect, with an MBA from UNSW, and a Masters in Communication and Management from UWO.

What we talked about:

• Loan Connect had a “chicken-and-egg” problem
• Canadian banks are slow to change
• Example of getting a personal loan in Canada
• Loan Connect’s desire to help the end-user
• Why Adam went around the “big 5” & focused on credit unions.
• Traditional Canadian banking
• Fintech in Canada
• Lending/borrowing in Canada

To contact Adam:

• Email him at [email protected]
• Connect with him on his LinkedIn

To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.

Until next time!

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