Put your money to work like a bank

Invest in your peers

How it works

goPeer connects creditworthy individuals looking for a loan with people looking to invest. As an investor, you can earn attractive returns through monthly installment repayments over the terms of the loans, which could be up to 5 years.

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Get started

Create your investor account in just a few steps.​

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Invest

Invest as little as $10 per loan and diversify your investments across multiple borrowers. You earn the interest on the loans.​

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Earn

Borrowers make fixed monthly repayments with interest, which are deposited directly into your goPeer account.

Put your money to work, like a bank

  • Earn solid returns
  • Diversify your portfolio
  • Automatically reinvest and compound your earnings
  • Receive recurring, monthly cash flow
  • Traditionally only available to banks and financial institutions

Only lend to creditworthy individuals

  • Based on historical banking and credit profiles
  • We independently verify stated income and debt levels
  • Borrowers' are assigned a risk grade and interest rate
  • Advanced identity fraud prevention features
  • Monthly payments are automatically debited by goPeer

We safeguard your assets

  • Your funds are held in trust at a chartered Canadian bank
  • We are regulated under Canadian and securities law
  • Advanced data security and privacy protection
  • End-to-end data encryption
  • Regular third-party audits

One small fee

  • Investors are assessed a 1.5% annual servicing fee deducted from loan repayments, so you only pay when you earn
  • No management, brokerage account, or transaction fees
  • No charges to deposit, transfer or withdraw funds

How we manage risk

As a goPeer investor, you invest in consumer loans. Only people who have passed our rigorous credit assessment process can borrow through goPeer. However, it’s important to remember that some people will not be able to fully repay their loan. We call this a bad debt. goPeer reduces the impact bad debt has on your return in 3 important ways:

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Rigorous credit assessment

goPeer uses advanced technology to assess every application, so only creditworthy individuals are approved for a loan.

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Diversification

Spreading your investment across many borrowers is important to stabilize your returns. As such, we require a minimum commitment of $1,000, so that you can invest in at least 100 different notes.

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Loan Servicing

When a person is unable to fully repay their loan, goPeer handles everything for you. goPeer’s collections and recoveries team works to recover as much as possible for you.

Recurring cash flow

Earn recurring, monthly passive income in the form of loan installment repayments.

One low fee

Investors are assessed one low annual servicing fee of 1.5% on the repayments.

Compound your interest

Use the Auto Invest tool to automatically select investments and reinvest your earnings.

Regulated under Canadian law

goPeer is currently in the registration process with the Canadian securities commissions.

Safe and secure

Your uninvested funds are held in trust. goPeer uses state-of-the-art data encryption.

Help out real people

When you invest in a goPeer loan, you contribute to helping real people in Canada.

Start investing in 5 minutes

1 Answer a few questions about your investment objectives.

2We’ll determine what note grades are suitable for you.

3 Connect your bank account and make a deposit.

Loan underwriting process

goPeer's underwriting process was designed to accurately reflect the likelihood that a loan will be repaid in full.

1. Borrowers must meet the basic eligibility criteria

  • Have an income
  • Credit score of at least 600
  • Have not recently filed for bankruptcy
  • A minimum credit history of 36 months
  • Have a verifiable Canadian bank account
  • Five or fewer credit inquiries in the last 6 months
  • Debt-to-income ratio (excluding mortgage and the requested loan amount) of below 35%

2. Information verification

We make sure the borrowers meet all the eligibility criteria, and verify their identity and annual income. This is accomplished by connecting to various data sources, including third-party service providers, to determine whether to approve the loan request.

3. Credit risk assessment and scoring

Approved loan applications are evaluated using a predictive scoring model to assess a borrower’s probability of paying back the loan in full. The scoring model uses numerous variables including indicators of credit risk from the credit report, bank account and personal financial situation. Based on their risk profile, borrowers are assigned one of 12 risk grades, ranging from A+ to E. 

Interest rates are assigned by goPeer with the objective to provide attractive risk-adjusted returns to investors while also offering competitive rates to borrowers.

Frequently Asked Questions

Investing

Investment on our platform is open to any individual living in Canada. You do not need to be an accredited investor or financial institution to invest through goPeer.

goPeer connects people seeking loans with investors like you. As an investor on our platform, you are purchasing interest in loans originated by goPeer. More specifically, you are buying payment-dependent notes issued by Peer Capital Corporation, privately placed by Peer Securities Corporation, currently seeking registration as exempt market dealer in all provinces and territories of Canada, and which are dependent for payment on corresponding loans originated by goPeer Corporation.

You earn 100% of your pro rata share of the principal and interest (after the servicing fee) as borrowers repay their loans, and you hold the entirety of the risk. No claim may be made against goPeer (or its affiliates) for shortfalls resulting from loan defaults.

goPeer charges a 1.5% servicing fee, which is applied as a 1/12th of 1.5% monthly fee (0.125%) on the unpaid principal balance of outstanding loans. This fee is deducted from borrower payments on the loans underlying your Notes. Peer Securities does not charge any separate or additional brokerage account or transactional fees.

The minimum initial commitment to invest on the platform is $1,000. The minimum amount you can invest per Note is $10. The reason why we have implemented a minimum initial commitment amount of $1,000 was to make sure that any investor could diversify their investments across 100 Notes.

After you have set up your account you will have access to our Investor Portal, which allows you to access the platform, view your portfolio, monitor returns, and much more. You’ll also receive monthly account statements with investment information including portfolio holdings, payment history, and unpaid principal balance.

goPeer is required by law to ensure that your goals and experience as an investor are aligned with this investment opportunity. The suitability section of your investor profile helps us understand your investment experience and objectives, liquidity needs, and risk tolerance. This information will not be used for marketing purposes and will not be sold, rented or loaned to any third party

How it works

We encourage investors to use Auto Invest to build a diversified portfolio and compound the interest earned. However, automated investing is optional. You can browse the platform within the Investor Portal to search for investment opportunities that suit you, subject to diversification requirements.

The Investor Portal gives you the ability to view information such as the borrowers’ locations, industry of employment, annual income and purpose of the loan. You can also view the borrowers’ financial details and see key attributes of the corresponding loans, including debt-to-income ratios, existing debt obligations, and credit score ranges.

Only individuals that have passed our credit assessment process can borrow through goPeer.

New loans can be listed at anytime. If you wish, we can notify you when new loans become available or send a summary once per day.

As you set up your profile, you will provide a bank account to be used for deposits and withdrawals. You can withdraw your repayments as they come in, if Auto Invest is turned off, as well as any of your funds that aren’t lent out. There are no fees to make a withdrawal.

No, due to regulatory restrictions, goPeer does not offer a secondary market at this time. You should invest with the intent and expectation of holding purchased Notes until maturity.

You need to be living in Canada and have a Canadian bank account to be able to invest through goPeer.

goPeer’s collections and recoveries team pursues every single late or defaulted loan to recover as much as possible. We use a variety of methods and technologies that analyze the specific financial situation of each borrower to maximize your recovery.

When a loan defaults, your account will show a total loss of principal. However, we will continue to work to make recoveries, so it’s worth remembering that the amount “lost” on recent defaults may improve over time.

Yes, borrowers can repay their loans early without a prepayment penalty. If this happens, your outstanding principal will be returned to your investor account where it can be lent to other borrowers.

Please consult your tax professional to address your specific taxation requirements. goPeer provides investors with a T5 Form.

Managing risk

goPeer closely monitors external macroeconomic conditions in addition to the performance of loans. Where signs indicate worsening conditions, we will make credit strategy changes to favor investor yield for new loans.

In addition, we regularly perform stress tests to simulate what could happen to investor returns during difficult periods, for example during an economic downturn. This is just one of many steps we’ve taken as part of a comprehensive, data-driven approach to risk management at goPeer.

We take the privacy and information security of our investors, borrowers and partners incredibly seriously, and are committed to providing the best level of protection for our customers and their data.

Read our privacy policy for more information about how we collect, store and use data.

We believe that full and strict adherence to regulations is essential to protect both our investors and borrowers, and to build a sustainable business.

Peer Securities Corporation is currently seeking registration as an exempt market dealer across all Canadian provinces and territories. You can verify Peer Securities’ registration via the Canadian Securities Administrators “Are they registered?” tool

goPeer’s securities operations are regulated by each jurisdiction in which it offers securities.

Additionally, goPeer is subject to the provincial laws of each jurisdiction in which it offers and funds loans. On a federal level, goPeer’s lending operations are subject to specific statutes enforced by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), as well as other federal agencies.