Appointment comes as consumer lender expands its credit line
Radhika Kakkar (pictured), chief operating officer of alternative lender Wealthsimple, has joined the board of directors of goeasy Ltd., a Canadian lender specializing in non-prime credit offerings.
Kakkar currently oversees operations, strategy, and customer success at Wealthsimple, a fast-growing financial services company. Before joining Wealthsimple, Kakkar held executive roles at Snap Inc., the parent company of Snapchat, where she led global operations and online sales. She also spent 13 years at Accenture, where she rose to the position of managing director and partner.
Kakkar also serves as an independent director on the board of InTouchCX and acts as an executive advisor to Origin, a women’s health start-up.
"We are thrilled to welcome Radhika to our board of directors," goeasy executive chairman David Ingram said in the company’s media release. "Radhika's immersion in technology, focus on digital commerce, and exposure to the financial services landscape make her a stellar addition to goeasy's board.”
Kakkar’s appointment follows a major financial move by goeasy earlier this year. In July, the company announced an amendment to its senior secured revolving credit facility, increasing the credit line from $370 million to $550 million and extending the maturity date to July 2027.
The revised facility offers more flexible borrowing terms and includes improved advance rates and less restrictive covenants. The facility is underwritten by a syndicate of major financial institutions, including Bank of Montreal (BMO), Royal Bank of Canada (RBC), Wells Fargo, and others, with new participants like Desjardins, Bank of Nova Scotia, and Raymond James joining the consortium.
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Headquartered in Mississauga, Ontario, goeasy provides leasing and lending services through its easyhome, easyfinancial, and LendCare brands. The non-prime lender offers secured and unsecured instalment loans, lease-to-own merchandise, and merchant financing through over 2,500 employees across Canada.
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