8Twelve Financial Technologies Inc. (“8Twelve” or the “Company”) is pleased to announce that it has entered into an agreement to provide mortgage solutions to Dwello.
Dwello is on a mission of helping all Canadians get equitable access to credit. Renters can sign up for free to pay rent through Dwello’s payment platform. Their rent payments get reported to Equifax Inc., one of the major credit bureaus serving Canada. Over time, the on-time payments help build credit scores, thus unlocking favorable offers on credit products like loans, mortgages and credit cards.
This partnership will help Dwello renters eventually become owners. By integrating into 8Twelve’s proprietary INFIN8 platform, Dwello customers will be notified when they qualify for a mortgage from 8Twelve. INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products. 8Twelve also has access to other products such as Co-Equity down payment programs to further facilitate home ownership.
Read the full press release here.