Tech & Gadgets

Woveo partners with BDC on business microlending program

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Woveo, a Calgary-based FinTech, has launched a microlending program in partnership with the Business Development Bank of Canada, offering loans up to $25,000 to small and medium-sized businesses. This initiative addresses a growing gap in financing for Canadian SMBs, particularly those who may face challenges accessing traditional loans, and leverages Woveo’s AI-powered platform that assesses lending risk using alternative data. Keep an eye on Woveo's expansion plans, as they aim to extend the program to Québec in 2027.

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