Toronto-based fintech Loanova has opened its early waitlist for investors and borrowers as it moves toward full regulatory approval with the Financial Services Regulatory Authority of Ontario (FSRA).
Built on open banking principles and powered by AI-powered underwriting, Loanova is developing Canada’s first fractional, peer-to-peer mortgage syndication platform, connecting everyday investors with qualified residential borrowers in a transparent, data-driven ecosystem.
Loanova’s proprietary borrower-grading model takes a holistic view of financial health, going beyond rigid credit scores to analyze verified rent-payment histories, cash-flow consistency, employment and education data, and spending trends — all to more accurately assess borrower reliability and future potential.
“Our mission is to democratize mortgage investing while empowering borrowers often overlooked by traditional lenders — self-employed professionals, newcomers, and gig-economy workers,” said Nathan Saliagas, Founder & CEO of Loanova. “By combining open-banking data with responsible AI, we can make lending fairer, faster, and far more inclusive for Canadians.”
The platform is currently in pre-launch, with early access available at Loanova.ca. Loanova expects to finalize FSRA registration and commence operations between December 2025 and January 2026.
“We see a future where access to mortgage capital isn’t gated by banks, but powered by data, transparency, and community,” continued Saliagas. “Loanova’s mission is to turn every qualified Canadian into a potential mortgage investor — and every deserving borrower into a homeowner.”
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