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How Approval Nation Inc., Founded by Jay Modi, Emerged as One of the Most Successful Enterprises in Canada

by Damian Jackson
December 28, 2022
in Business
0

Approval Nation Inc continues to increase its strength and popularity within the Fintech Arena. Despite a disappointing period in 2021 for businesses in general, Jay and the fintech company he founded have steadily climbed up the ladders and are now being touted as one of Canada’s fastest-growing fintech firms.

Established in 2015, Approval Nation Inc. is the partner company to many of North America’s fastest-growing online comparison platforms. Operating in Canada, America, and Australia in the financial and non-financial sectors, the business focuses on gaining high-intent customers through their owned and operated web properties. It includes e-commerce, rate tables, lead generation, and comparison sites. Moreover, the brands streamline the decision-making process and provide a strong return on investment (ROI) for the partners.

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As an entrepreneur, Jay understands that risks are part of the job, and it is almost impossible to succeed all of the time. He also concentrates on proprietary performance optimization technology and targeted customer acquisition. Since the firm is user-focused, Jay and the team help consumers make more intelligent decisions through their comparison websites.

Moreover, the various platforms that Approval Nation partners with allow consumers to search through reviews, ratings, offers, and real-time rates, empowering them to make quicker decisions on which lender to borrow from or which vendor to use for a particular service.

They also allow borrowers to compare rates from multiple lenders, car loans, Insurance quotes, personal loans, credit card rates, small business loans, and even debt consolidation and credit rebuilding services. They combine expert advice and the best financial tools, providing customers with the knowledge and information required to make the most intelligent financial decisions.

While today he is thriving, Jay learned and absorbed a lot from his past failures and success.

‘I have learned to be careful who I trust in business and to maintain a solid foundation with multiple “safety” checks at every corner on all sides of your business. Have a high threshold for internal governance and implement strict policies and procedures.’ Today, Jay is seen as a mentor and advocate for entrepreneurs. He brings ideas to life with teamwork which is the success secret of his various companies. He has a great team and encourages brainstorming. Since the majority of their ideas are a collaborative effort, they all are on the same page. With the unity of the team and experience, Jay is bound to unlock milestones for the Fintech Firms he is part of and their continued growth and success.

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