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Loan provider for over 60s Spry Finance secures extra €100m investment from Canada Life

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Firm already has separate €100 million agreement in place with life assurance giant to facilitate ‘lifetime loan’ product

Spry Finance, the Irish-owned alternative loan provider for consumers aged 60 and over, has secured €100 million in additional funding from Canada Life, the Canadian life assurance giant, as it continues to expand its business here.

The company said the new funding agreement will allow it to hit its growth target of providing €150 million in annual loans by 2025.

 

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