Private equity firm FFL has completed a C$60 million (U.S. $64 million) investment in Snap Financial Group.

Snap, headquartered in Vancouver, Canada, is an independent consumer lender that focuses primarily on the home and auto finance segments. The company has originated more than $635 million in consumer loans. Snap founders David Nickel and John Stout will retain a significant interest in the company and will continue to manage operations.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.