Peel Financial will secure CAD 400 million in a fresh round of funding by end of 2022. According to Peel Financial, the funds will be used in expanding its outreach to clients with more customised services and onboarding more lenders from across Canada and the US. Prior to this fund raise, it raised CAD 250 million last year.
Peel Financial provides loans and leasing options for a wide range of transportation, construction, industrial and commercial equipment.
Speaking about Peel Financial and his journey from India as a young boy to becoming a tycoon in Canada, Sukhbir Dhaliwal, CEO, Peel Financial, said, “We have been raising funds through various rounds from many investors who see value in what we are doing and are willing to take our brand’s services and value to newer geographies beyond Canada and the US, with a common aim to help businesses thrive through streamlined, hassle-free financing options,” informed Sukh about the fundings being raised by the firm recently.”
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