Speedy Cash Payday Advances

What Speedy Cash Payday Advances does

Speedy Cash Payday Advances is a Canadian short-term lending company operating as Amaranth Financial Services Inc. dba Speedy Cash, wholly owned by US-based QC Holdings, LLC. Founded in 1998, the company provides unsecured payday loans ranging from $100 to $1,500 (capped at 50% of borrower income), repayable on the borrower's next payday. The product is offered through two complementary channels: a 24/7 self-serve online application platform accessible across 8 Canadian provinces, and 19-20 physical retail storefronts located in British Columbia, Alberta, Saskatchewan, and Nova Scotia. Disbursement rails include Interac e-Transfer, instant debit card funding, and in-store cash pickup, with a target 30-minute time-to-funds after approval.

The underlying technology is a web-based lending platform with automated, income-based underwriting that does not require credit-bureau checks, a five-step online application flow, and integrations with major Canadian bank bill-payment systems (RBC, TD, CIBC, BMO) and pre-authorized debit (PAD) for repayment collection. The product portfolio is segmented by borrower use case and income source — Emergency Loans, Vacation Loans, Child Tax Loans, Pension Loans, Government Benefits Loans (EI/CPP), and No Credit Check variants — allowing the firm to address multiple underbanked borrower personas within the same core $100-$1,500 loan construct.

The business model is a pure transaction-fee lender: revenue is generated primarily through origination fees of $14-$17 per $100 borrowed (set by provincial regulation), plus ancillary NSF charges ($20) and 30% default APR on outstanding balances in Ontario. The company has processed 1.1M+ cumulative loans and serves 10,000+ borrowers monthly, with 8,000+ Trustpilot reviews averaging 4.5/5 stars. Go-to-market is direct-to-consumer, supported by location-based SEO, content marketing, organic social, community involvement, and a refer-a-friend program. Geographic coverage excludes Quebec and the three territories.

Name

Speedy Cash Payday Advances

Legal name

QC Holdings, LLC

Website

https://speedycash.ca

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Consumer Payday Lending

NAICS

Other Nondepository Credit Intermediation (52229)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Single-Payment Payday Loans (FSAKAMAA)

akta.pro secondary industries

Cash Advance (Online & Storefront) (FSAKAMAC), Bridge Loans & Emergency Short-Term Credit (FSAKAMAJ), Late Fee / Bill-Pay Advance Products (FSAKAMAM)

Keywords

• Payday lending
• Short-term loans
• Consumer lending
• Emergency cash advances
• No credit check loans

Headquarters

HQ city

Prince George

HQ country

Canada

HQ region

North America

Offices49 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Payday Loan Transaction Fees: Primary revenue from transaction fees charged per $100 borrowed. Fee rates vary by province: $14-$17 per $100 depending on jurisdiction. Revenue is earned as a one-time fee at loan origination, with total repayment due on borrower's next payday.
2. Late Payment Fees: NSF charges of $20 for dishonored pre-authorized debits, and default interest at 30% per annum on outstanding balances in Ontario. These fees apply when borrowers fail to repay on schedule.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Speedy Cash provides short-term unsecured payday loans ranging from $100 to $1,500 (up to 50% of borrower income), repayable on the next payday, with no credit check required. Loans are offered through a 24/7 online application platform and a network of 19+ physical retail stores across four Canadian provinces, with online services available in eight provinces. Transaction fees range from $14 to $17 per $100 borrowed depending on provincial regulation, with funding disbursed within 30 minutes of approval via e-transfer, direct deposit, instant debit card, or in-store cash pickup.

Product overview

Speedy Cash is a payday lending company offering short-term consumer loans primarily in Canada. The core product is Payday Loans ($100-$1,500), available both online and at 19 physical store locations across British Columbia, Alberta, Saskatchewan, and Nova Scotia, with online services extending to Manitoba, New Brunswick, Newfoundland and Labrador, and Ontario. The product portfolio centers on the Payday Loans platform with specialized variants including Emergency Loans, Instant Loans, Cash Advance Loans, Vacation Loans, Pension Loans, Child Tax Loans, Government Benefits Loans, and Weekend/No Credit Check/No Refusal loan options. Supporting services include Instant Debit Card Funding (enabling 30-minute fund disbursement), E-Transfer Payday Loans, and Cheque Cashing. The company emphasizes no credit check approval based on income verification, 24/7 online accessibility, and same-day funding through multiple channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Payday Loans Short-term unsecured cash loans of $100 to $1,500 (up to 50% of borrower income), repaid on the borrower's next payday, with no credit check required. Available via 24/7 online application or in-store across British Columbia, Alberta, Saskatchewan, and Nova Scotia, with online services extended to Manitoba, New Brunswick, Newfoundland & Labrador, and Ontario. Fees range from $14 to $17 per $100 borrowed depending on provincial regulation. The offering includes specialized variants for emergency expenses, weekend funding, vacations, government benefits recipients, pensioners, and families on Canada Child Benefit.
• Cheque Cashing In-store service available at participating Speedy Cash retail locations across Canada, allowing customers to cash cheques without holding a bank account. Distinct from the lending product line.
• Instant Debit Card Funding Standalone disbursement service that pushes approved loan proceeds directly to the borrower's debit card for immediate access, typically within 30 minutes of approval. Offered alongside standard e-transfer and direct deposit funding options.

Quantifiable outcome

• 1.1M+ funded loans processed
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

One partnership is on record.

• 310LoanminorOthers · 1 December 2022Acquisition of 310Loan customer base in late 2022. Speedy Cash absorbed former 310Loan customers into its platform, transitioning them to use Speedy Cash's online lending system and store locations. Existing 310Loan customers were required to create new Speedy Cash accounts and reset passwords.

Scale indicators8 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Cash Money: Canadian payday and short-term installment lender (subsidiary of goeasy) operating both online and through retail storefronts across multiple provinces. Directly competes with Speedy Cash in single-payment payday, installment, and online loans to subprime borrowers.
• Money Mart: One of Canada's largest payday and cheque-cashing chains, offering payday loans, instalment loans, and related financial services online and via retail locations. Overlaps directly with Speedy Cash on product, customer segment, and omnichannel distribution.
• easyfinancial (goeasy): Canadian non-prime consumer lender and sibling brand to Cash Money, offering installment loans, lines of credit, and auto financing. Competes with Speedy Cash for the same subprime borrower pool while offering larger, longer-duration products.
• Cashco Financial: Western Canadian short-term and installment lender with physical storefronts and online offerings. Competes directly with Speedy Cash in Alberta and BC with similar payday and instalment products.
• iCash: Canadian online short-term and instalment lender serving subprime borrowers across multiple provinces. Directly comparable online-only alternative to Speedy Cash's digital channel with similar APR profile.
• My Canada Payday: Online Canadian payday and instalment loan provider licensed in multiple provinces. Competes with Speedy Cash on the same single-payment and small-dollar instalment products.
• Pay2Day: Canadian online payday lender with province-by-province licensing. Directly comparable product set and target borrower as Speedy Cash's online offering.
• Loan Express: Canadian short-term and instalment lender operating online across multiple provinces. Targets the same subprime, no-credit-check borrower segment as Speedy Cash.

Emerging players

• KOHO: Canadian fintech offering a prepaid card with built-in cash advance and earned-wage-style features. Represents the emerging earned-wage/early-pay alternative competing for the same underbanked borrowers Speedy Cash serves.
• Nyble: Canadian credit-building and small-dollar credit app offering cash advances to Canadians with limited credit history. Competes with Speedy Cash on speed and accessibility for small, short-term cash needs, though with a different fee structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SpeedyCashCan
• Facebookfacebook.com/speedycashcanada
• Instagraminstagram.com/speedycashcanada
• LinkedInlinkedin.com/company/speedy-cash-payday-advances

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

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 Speedy Cash Payday Advances