In today’s fast-moving economy, small businesses across Canada are constantly searching for new ways to grow, adapt, and compete. For many, access to capital remains a crucial factor in turning ideas into action. In fact, the Canadian Federation of Independent Business (CFIB) reports that 62% of small businesses rely on external financing to support their operations and fuel expansion.
At iFinance Canada, we understand how essential flexible and innovative financial tools are to business owners. That’s why we’ve joined the conversation on the future of small business financing. In a recent episode of the CanadianSME Small Business Podcast, William Breton, Vice President and Chief Operating Officer of iFinance Canada and Iceberg Finance, shared insights on how we’re helping reshape the financing landscape for entrepreneurs across the country.
The discussion with host Kripa Anand touched on how technology, strategic partnerships, and a deep understanding of small business needs are key drivers of progress in the sector.
Empowering Businesses with Smarter Financing
At the heart of our approach is technology. iFinance’s proprietary LUCAS decisioning model is a powerful tool that enables quicker, smarter loan approvals. By automating parts of the financing process, we’re able to reduce friction, eliminate delays, and give business owners the confidence to move forward with their plans—whether it’s launching a new service, expanding their location, or investing in equipment.
But our innovation doesn’t stop with tech. With the support of Iceberg Finance, which acquired iFinance in 2022, we’ve scaled our operations across Canada, strengthened our product offerings, and enhanced our ability to serve businesses in diverse industries—from healthcare to home improvement.
A Network Built for Growth
Today, over 12,500 service providers are part of the iFinance network. This expansive ecosystem allows us to bring point-of-sale financing directly to businesses and their customers. For small businesses, this means more conversions, increased customer satisfaction, and a stronger bottom line. For customers, it means greater access to the services they need—when they need them—through easy, flexible financing.
We believe that financing should be a growth enabler, not a barrier. That’s why we’ve built our model around simplicity, transparency, and adaptability. Whether it’s a small dental clinic in Ontario or a growing home renovation business in Alberta, our solutions are designed to meet the evolving needs of Canadian entrepreneurs.
Looking Ahead: The Future of Fintech in Canada
As the fintech sector continues to grow, the future of small business financing looks promising. Automation, AI, and data-driven insights are opening new doors for business owners, enabling smarter decisions and faster access to capital.
At iFinance, we’re committed to staying ahead of the curve. By continuing to invest in technology, building strong relationships with our partners, and listening to the needs of business owners, we’re helping shape a more accessible and innovative financial ecosystem in Canada.
🎧 Want to learn more?
Listen to the full podcast episode here: CanadianSME Podcast – iFinance Canada
