FIX4 Capital

What FIX4 Capital does

FIX4 Capital is a Canadian fintech lender founded in 2020 in Montreal, Quebec, that provides asset-based loans to consumers for vehicle repairs and maintenance. The company extends secured loans of $700 to $10,000 CDN, priced at 19.9% APR over 12, 24, or 36-month terms, using the Canadian Black Book wholesale value of the borrower's vehicle (minimum $3,000) as the primary underwriting criterion — explicitly without credit checks, in order to serve consumers who cannot qualify for traditional financing and who might otherwise turn to payday lenders charging up to 400% APR. Eligible repairs include mechanical, body, collision, tire, and preventative maintenance; the company also offers an RV-specific loan variant.

The core technology is a proprietary digital platform that delivers loan approvals in under five minutes. The customer web application (login.fix4.com) collects driver license, insurance, vehicle registration, VIN, odometer photos, and Canadian bank account credentials for verification, then issues an SMS/email approval. A separate Service Center Portal (service.fix4.com) allows authorized auto repair shops and dealerships to receive approval notifications, upload final invoices, and receive direct EFT disbursements from FIX4. The product is distributed through a hybrid B2B2C and direct-to-consumer model: the Service Center Network provides point-of-sale distribution at repair facilities, while FIX4 also markets directly to Ontario consumers via blog content, LinkedIn, Facebook, Instagram, and PR wire services.

FIX4 generates revenue primarily from interest income on its loan portfolio at 19.9% APR and from one-time loan setup fees charged at origination. As of the most recent disclosed data, operations are restricted to Ontario, Canada. In August 2021 the company raised $7.2 million in seed funding led by Tactico with Keira Capital Partners and angel investor Martin Lavigne. In March 2026, autologiQ Inc. acquired FIX4 Capital Lending Inc.'s dealer network and repair financing originations, while the company's core lending operations continue.

Name

FIX4 Capital

Legal name

FIX4 Capital Inc.

Website

https://fix4.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

FIX4 Capital is a Canadian fintech lender that provides asset-based vehicle repair loans of $700-$10,000 CDN at 19.9% APR, using the borrower's vehicle value rather than credit history for underwriting, serving consumers who cannot afford upfront repairs. The company distributes through a network of authorized auto repair service centers and direct digital channels, currently operating in Ontario.

Ownership category

akta.pro rank

Product category

Consumer Auto Finance

NAICS

Sales Financing (52222), Sales Financing (522220)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

BNPL for High-Ticket / Longer-Term Installments (FSAKACAN)

akta.pro secondary industry

New & Used Auto Purchase Loans (FSAKADAA)

Keywords

• Vehicle repair loans
• Auto repair financing
• Asset-based lending
• Consumer lending platform
• Point-of-sale financing

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Interest Income on Loans: FIX4 earns interest on loans extended to consumers. Interest rate is 19.9% APR. Loans range from $700 to $10,000 CDN over 12, 24, or 36-month terms. Revenue is generated from the spread between cost of funds and yield on loans.
2. Loan Setup Fee: Customers pay a one-time loan setup fee when the loan documents are signed. This is a fixed fee charged at loan origination.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

FIX4 Capital provides asset-based secured car repair loans ranging from $700 to $10,000 CDN, approved in under five minutes using the vehicle's Canadian Black Book wholesale value as collateral rather than relying on credit history. The company operates a B2B2C distribution model, delivering loans directly to consumers through its digital platform while partnering with auto repair service centers and dealerships as authorized point-of-sale financing providers. Repayment terms of 12, 24, or 36 months are offered at a 19.9% APR with no hidden fees and no prepayment penalty.

Product overview

FIX4 Capital is a fintech company offering a unified car repair financing platform. The core offering is the FIX4 Car Repair Loan product, which provides asset-based secured loans ranging from $700 to $10,000 CDN, approved in under 5 minutes based on vehicle value rather than credit history. This is supported by two complementary digital platforms: the FIX4 Customer Web Application for borrowers to apply, e-sign documents, and manage payments, and the FIX4 Service Center Portal for automotive repair shops to receive loan notifications and process invoices. The company also offers an RV-specific variant (FIX4 RV Repair Loans) extending the same model to recreational vehicles.

Differentiator

Problem solved

Functional benefit

Products and services

• FIX4 Car Repair Loan Asset-based secured car repair loans ranging from $700 to $10,000 CDN, approved in under 5 minutes based on Canadian Black Book vehicle wholesale value rather than credit history. Available to Ontario consumers over 12, 24, or 36-month terms at 19.9% APR with open loan terms and no prepayment penalty.
• FIX4 Customer Web Application Proprietary digital platform where customers submit loan applications, upload required documents (driver's license, vehicle registration, VIN, odometer photos), verify Canadian bank accounts, e-sign loan documents, and manage loan repayments through pre-authorized debits.
• FIX4 Service Center Portal Web-based portal for authorized automotive service centers to receive customer loan approval notifications via email/SMS, upload repair invoices for borrower review and approval, track loan status, and receive direct EFT payments from FIX4.
• FIX4 RV Repair Loans Vehicle repair financing variant designed for recreational vehicles and motorhomes, extending the FIX4 asset-based loan model (Canadian Black Book valuation, $700-$10,000 range, 19.9% APR, no credit check) to RV owners needing repair financing.

Quantifiable outcome

• Approval in under 5 minutes vs traditional lending timelines
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered major, minor and core.

• autologiQ Inc.majorStrategic or Co-development Partner · 9 March 2026Canada's leading vehicle management platform that acquired FIX4's dealer network and repair financing originations. Provides FIX4's dealership partners with higher approval rates, lower interest rates, and access to AI-enabled automotive care platform and EasyPay solution.
• Canadian Lenders Association (CLA)minorOthers · 26 August 2021National non-profit organization representing 130+ fintech companies. FIX4 joined CLA to advocate for fair lending practices and affordable financing solutions in Canada.
• Canadian Black BookcoreTechnology or IntegrationThird-party vehicle valuation service used by FIX4 to determine loan eligibility. Wholesale value of vehicle must be $3,000+ to qualify for loans.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Fairstone Financial: One of Canada's largest consumer alternative lenders offering secured and unsecured personal loans including auto-related credit. Comparable because it serves near-prime/subprime Canadian consumers with installment credit products, and is FIX4 VP Joe Carusella's former employer.
• Financeit: Canadian point-of-sale lending platform offering installment financing at the merchant checkout for home improvement, automotive, and retail purchases. Comparable because it enables B2B2C BNPL-style credit at the point of service, similar to FIX4's repair-center workflow.
• Snap Finance: US-based fintech providing lease-to-own and installment financing for subprime consumers at the point of sale (auto repair, tires, furniture). Comparable because it serves a similar thin-credit customer base with embedded point-of-sale installment credit at merchant locations.

Broad incumbents

• goeasy: Canadian public consumer lender (TSX:GSY) offering installment loans, lease-to-own and credit cards to non-prime borrowers. Comparable because it operates at scale in the same underserved Canadian consumer credit segment FIX4 targets, though across broader product lines.
• Affirm: Public BNPL leader offering point-of-sale installment loans to consumers across thousands of merchants. Comparable as a reference point for FIX4's BNPL-style, longer-tenor installment product and merchant integration model, though Affirm is far larger and broader.

Emerging players

• Lendbuzz: AI-driven auto finance platform serving near-prime and subprime consumers through dealership partners, using alternative data for underwriting. Comparable because it shares FIX4's vehicle-secured, credit-invisible borrower focus and dealer B2B2C distribution, though operating in the US.
• Motive Finance (formerly MotoRefi): Digital auto refinance lender serving consumers seeking better rates on existing auto loans. Comparable because it is a digital-first auto-secured lender using technology-driven underwriting, though Motive focuses on refinancing rather than repair-specific point-of-sale credit.

Regional players

• Canada Drives: Canadian online auto lending marketplace connecting consumers with dealer financing for vehicle purchases. Comparable because it operates a Canadian online auto finance platform, though focused on vehicle purchase financing rather than repair-specific secured lending.

Others

• Lendio: SMB lending marketplace connecting small businesses to multiple lenders. Comparable as a fintech-enabled credit intermediary in an adjacent segment; differs because Lendio focuses on SMB origination rather than consumer auto-secured loans.
• AutoCanada: Canadian publicly-listed dealership group offering in-house and third-party vehicle financing. Comparable as a participant in Canadian automotive retail finance with dealer relationships that overlap with FIX4's service center network.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/fix4capital
• LinkedInlinkedin.com/company/fix4capital
• Instagraminstagram.com/fix4capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FIX4 Capital