Conexus, Saskatchewan’s largest credit union, announced today a partnership with Grow, Canada’s Startup of the Year, to bring online lending to Saskatchewan.
This new partnership will allow residents of Saskatchewan to apply for a loan anywhere, anytime, from their computer, phone or tablet, and have the funds in their bank account by the following business day.
Conexus is Canada’s sixth largest credit union with $7.15 billion in total funds managed and over 119,000 members.
“The partnership with Grow allows Conexus to be flexible and agile in the ability to offer our members and the residents of Saskatchewan another innovative way to do their banking,” says Cary Ransome, Chief Operating Officer of Conexus Credit Union.
“Banking is no longer a place you go, but a thing you do. Working with a cutting edge FinTech company like Grow provides us the opportunity to remain a forward thinking leader in the financial industry.”
“By combining the brand and trustworthiness of an industry leader like Conexus with our leading edge technology, we are able to empower people to take control of their financial health with the familiarity of their community banking relationship,” said Kevin Sandhu, Founder and CEO of Grow.
“We are thrilled to join Conexus in creating a world class banking experience for residents of Saskatchewan. We couldn’t think of a better partner to be launching in the province with.”
Last week Grow announced a similar partnership with BC’s First West Credit Union.
Grow’s products will be available through Conexus this spring.