Source: Canadian Lenders Association Press Release
Toronto, ON – The Canadian Lenders Association (CLA) is pleased to welcome Zenbase as a new member. Zenbase is a company committed to economic inclusion in order to foster financial empowerment for renters. Its solutions improve the financial wellness of renters while improving operational efficiency for property managers. Zenbase was founded with the vision of becoming a trusted partner in managing household finances while eliminating late fees and predatory financing.
“We are thrilled to welcome Zenbase into the Canadian Lenders Association and look forward to integrating them into the CLA’s Roundtables and webinars.” says Gary Schwartz, President of the CLA. “Zenbase offers a vital service for Canadians, and we look forward to seeing what the future holds for them.”
In a time in which more Canadians are struggling to meet rent payments and there’s a housing crunch in major cities, socially responsible finance has never mattered more. Currently operating across Alberta, Manitoba, Saskatchewan, soon, Zenbase plans to expand into Ontario and British Columbia.
“Zenbase and the CLA share similar objectives. We are both committed to growing financial literacy and promoting financial empowerment through responsible lending. We look forward to working with industry leaders to develop unique partnership opportunities and provide hard working Canadians a better solution to manage their largest monthly expense: rent.” says Philipp Postrehovsky, COO at Zenbase.
Rent is usually due on the 1st of the month, but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase has fixed that misalignment and provides other financial tools to help level the playing field. Since Zenbase launched, it has saved more than $700 at an annualized rate per resident by avoiding late fees and overdraft fees, and growing its active renters by more than 50% MoM. In addition to the rent product, more than 40% of our members are also using its fee-free cash advance service to cover their utilities, groceries and gas.
Zenbase’s mission is to ensure that no one is ever behind on their rent payments or gets evicted. Zenbase also offers other financial solutions that empower users to better navigate financial challenges that life may throw at them.
Our mission is to ensure that no one is ever behind on their rent payments or gets evicted. Our solution enables the affordability of the primary need of every person, housing, which is why we built a solution that offers the most flexible rent payments ever. We also offer other financial solutions that empower users to better navigate financial challenges that life may throw at them.
About Canadian Lenders Association
The Canadian Lenders Association supports the growth of companies that are in the business of lending, or providing other means of credit, to small businesses and individuals by non-conventional or innovative means to exchange ideas and explore ways of improving the sector; encourage principled and professional practices by Innovative Lenders; educate the public at large about Innovative Lending; encourage individual potential borrowers to be informed about the appropriateness of Innovative Lending to the borrowers’ circumstance; and to advocate on behalf of, and represent the interests of Innovative Lenders.
Philipp Postrehovsky | Zenbase COO
Philipp is a marketing leader, brand builder and product visionary who has been involved in the fintech scene for over 17 years. In 2013 he co-founded RentMoola, which continues to be one of North America's leading fintech companies with the mission to eliminate the rent cheque and modernize rent collection for the enterprise. Before that, he was a marketing leader for Mogo Technologies, Wonga Canada and began his career at Electronic Arts. Most recently he was SVP, Marketing at Progressa and VP, Digital Marketing at goeasy. He founded Grind For Kids, a program that raised over $1 million for BC Children’s Hospital Foundation and is a mentor to new entrepreneurs.