VersaBank has begun a pilot of its Real‑Time Structured Receivable Program (Real‑Time SRP) in partnership with FinanceIt Canada, enabling the bank’s partners to finance individual loans within hours and eliminating the need for multi‑day warehouse financing.
The pilot builds on VersaBank’s proven zero‑loss receivable purchase model and its AI‑driven platform, offering partners faster access to capital and tighter risk management. By demonstrating the capability in a real‑world setting, VersaBank plans to roll the solution out to all current and prospective SRP partners in Canada and the United States.
The launch is part of VersaBank’s broader strategy to capture the underserved point‑of‑sale financing market. The SRP portfolio exceeded CAD$4.4 billion as of January 31 2026, and the U.S. launch surpassed its first‑year target. The Real‑Time SRP is expected to accelerate growth and strengthen the bank’s competitive advantage in both domestic and U.S. markets.
David Taylor, VersaBank’s Founder and President, said the program “takes our unique and highly successful digital point‑of‑sale financing solution to a whole new level, further extending our competitive advantage and, more importantly, significantly expanding the addressable market for our SRP on both sides of the border.”
The pilot’s success could accelerate VersaBank’s growth trajectory and enhance its position in the rapidly expanding point‑of‑sale financing market.
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