Disclosure: Bullpen receives compensation from VersaBank for research coverage.

VersaBank (VBNK) has started a pilot program with FinanceIt Canada for a real-time version of its rapidly expanding Structured Receivable Program…

… that would enable its partners to finance loans within hours, improving their returns and reducing reliance on traditional warehouse financing. While it’ll take time, success here should expand the bank’s addressable market…

… translating to improved efficiency and ROE as it scales.

Read our VersaBank report

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