Parachute Information

Parachute was founded with the purpose of providing financial well-being for Canadians dealing with high-interest rate (predatory) debt. We are creating a world in which people have control over their finances, feel financially secure and empowered to make better choices. Our three step approach combines a lower interest rate debt consolidation loan with no hidden fees that resets a consumer's finances; a data driven app that monitors, educates and guides better financial behaviour; and a rebate system that motivates that behaviour with cash-back rewards. With Parachute, we are changing lives with just one loan.