Lending Canada , which was the first online lender in Canada to offer US - style peer - to - peer lending last year , has reopened its marketplace after being approved by local regulators earlier in 2016 . “Even if you invest only $2,500, you can spread your risk across 100 different loans,” he said, so even if some go bad, there isn’t an undue concentration. Lenders can invest as little as $ 25 into small businesses now that the platform has met the requirement to be registered with tax commissions in most Canadian provinces , and has agreed to be bound by a series of regulatory consumer protections .
Lending Canada , which was the first online lender in Canada to offer US - style peer - to - peer lending last year , has reopened its marketplace after being approved by local regulators earlier in 2016 . Lenders can invest as little as $ 25 into small businesses now that the platform has met the requirement to be registered with tax commissions in most Canadian provinces , and has agreed to be bound by a series of regulatory consumer protections .