Calgary fintech Woveo joins BDC in $10 million lending push
The AI-powered firm disclosed the initiative this month, aiming to make affordable credit easier for small companies to reach.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Calgary-based Woveo, which uses AI, announced a lending initiative this month with the Business Development Bank of Canada. The two are collaborating on a $10 million micro-lending program. The goal is to make affordable credit easier for small businesses to reach.
Why it matters
The initiative is intended to broaden affordable lending to small businesses across Canada.
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