Toronto-based Karla Rent has emerged from stealth mode with a credit-building rental payment platform designed to help credit unions compete with big banks. The fintech offers secure, financial wellness tools that integrate directly with institutions, ensuring renters’ on-time payments boost credit scores.
BCU Financial is among the first adopters, offering Ukrainian newcomers a way to establish credit. LeasesThatLift, Karla Rent’s broader initiative, expands financial inclusion beyond banking. Co-founders Robin Gray and Basil Eleftheriades emphasize that rental payments should count toward financial progress, with open banking solutions on the horizon.
Want to know more? Check out the source code on Fintech.ca.