About Carilend
We are launching first in Barbados, but we plan to bring this approach to the wider Caribbean as soon as possible.
Why Did We Start
When we looked around the Caribbean at investing and borrowing money, we wanted to bring great options, fantastic customer experiences and very efficient processes for everyone. Whether consumers are investing their money to see it grow or are at a point where they need to borrow in order to achieve their goals and dreams, Caribbean consumers deserve great service, individual pricing and more choice.
We searched globally for the most admired, technologically enabled way to revolutionise this experience. We learned about the exponential growth and the wonderful customer experience of Peer to Peer lending around the globe. We examined the many variations and models and quickly decided we would build our business on the principles and processes used in the UK, which have become recognised globally as the best run and most admired.
Now we are delivering that great customer convenience and experience, greater choice and better pricing for all to the Caribbean.
Peer-to-peer lending is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers.
Meet the Directors & Founders
Mark Young
CEO, Director & Co-Founder
Mark Linehan
Director & Co-Founder
Kailash Pardasani
Director
Peter Reid
Director
Peter holds the title of Deputy CEO of the VM Group. He is a career Banker with over 30 years experience in the financial services sector with expertise in sales and management, credit, financial analysis, financial advisory and deal structuring. Before VM, he was a District Vice President for the Bank of Nova Scotia Jamaica Ltd.
Natalie Bennett
Director
Natalie is the Acting CEO of VM Pensions Management Ltd. She has over a decade of experience in the financial services and pension industry with expertise in pension administration, risk management and regulatory compliance, and has previously held roles with the Financial Services Commission, Petroleum Corporation of Jamaica and Sagicor Life Jamaica.
Meet the Barbados Team
Jade Worme
Charlene Phillips
Trishtanne Gittens
Natalie Best
Manager, Credit and Customer Service
Rachel Corbin
Assistant Manager, Credit and Customer Service
Tammy Bryan
About Carilend
Carilend is the FinTech company that has revolutionized borrowing and lending in the Caribbean providing fully online lending services. Their first success was the introduction of a Peer to Peer Lending service in Barbados, the phenomenon that has swept the globe and is now a billion-dollar industry in the U.K., U.S. and Canada. Peer to Peer Lending connects people that have money to Lend with people who want to Borrow money in a secure online marketplace. Carilend, which is headquartered in Barbados, is the first of its kind in the region, signalling a new way of borrowing and lending in the Caribbean.
Carilend was founded in 2015 by the coming together of two seasoned industry executives one from the telecoms arena, Mark Linehan and the other from the banking arena, Mark Young. Carilend is led by Mark Young, CEO, with a 25-year track record as a regional senior executive with Barclays and CIBC in the Caribbean.
About VMIL
Victoria Mutual Investments Limited (VMIL) is incorporated and domiciled in Jamaica. VMIL was incorporated in 1984 as the corporate financing arm of Victoria Mutual Building Society (VMBS) and is 80% owned by VMBS, which is incorporated in Jamaica under the Building Societies Act. In 2017, 20% of VMIL was offered to Members, Clients and the Public by way of an Initial Public Offering (IPO), to facilitate corporate lending and investing to support well-run Jamaican businesses. The company raised $690 million and now trades on the Main Market of the Jamaica Stock Exchange (JSE).
VMIL offers a wide range of products and services including margin loans, insurance premium financing, lease financing, underwriting services and corporate loans managed by the financial experts on the VM Wealth Management team.
In September 2019, VM acquired a 30% stake in Carilend Caribbean Holdings Limited. Two VM executives currently sit on the Carilend Board of Directors.
Why Did We Start
When we looked around the Caribbean at investing and borrowing money, we wanted to bring great options, fantastic customer experiences and very efficient processes for everyone. Whether consumers are investing their money to see it grow or are at a point where they need to borrow in order to achieve their goals and dreams, Caribbean consumers deserve great service, individual pricing and more choice.
We searched globally for the most admired, technologically enabled way to revolutionise this experience. We learned about the exponential growth and the wonderful customer experience of Peer to Peer lending around the globe. We examined the many variations and models and quickly decided we would build our business on the principles and processes used in the UK, which have become recognised globally as the best run and most admired.
Now we are delivering that great customer convenience and experience, greater choice and better pricing for all to the Caribbean.
Board of Directors
Mark Young
CEO, Director & Co-Founder
Mark Linehan
Director & Co-Founder
Kailash Pardasani
Director
Peter Reid
Director
Peter holds the title of Deputy CEO of the VM Group. He is a career Banker with over 30 years experience in the financial services sector with expertise in sales and management, credit, financial analysis, financial advisory and deal structuring. Before VM, he was a District Vice President for the Bank of Nova Scotia Jamaica Ltd.
Natalie Bennett
Director
Natalie is the Acting CEO of VM Pensions Management Ltd. She has over a decade of experience in the financial services and pension industry with expertise in pension administration, risk management and regulatory compliance, and has previously held roles with the Financial Services Commission, Petroleum Corporation of Jamaica and Sagicor Life Jamaica.
Now that you have learned about us,
how can we help?
About Carilend
Carilend is the FinTech company that has revolutionized borrowing and lending in the Caribbean providing fully online lending services. Their first success in 2017 was the introduction of a Peer to Peer Lending service in Barbados, the phenomenon that has swept the globe and is now a billion-dollar industry in the U.K., U.S. and Canada. In 2020, they partnered with the VM Group in Jamaica to provide convenient, quick easy loans online for Jamaicans. Carilend, which is headquartered in Barbados, is the first of its kind in the region, signalling a new way of borrowing and lending in the Caribbean.
Carilend was founded in 2015 by the coming together of two seasoned industry executives one from the telecoms arena, Mark Linehan and the other from the banking arena, Mark Young. Carilend is led by Mark Young, CEO, with a 25-year track record as a regional senior executive with Barclays and CIBC in the Caribbean.
About InstaLoan
InstaLoan is the official personal, unsecured loan of Massy Finance GFC. This Massy Finance distribution channel is powered by Carilend, Massy Finance's fintech partner, and delivered via Carilend's platform using the Carilend.com website. Massy Finance GFC Ltd is a licensed non-bank financial institution regulated by the Central Bank of Trinidad and Tobago and the Trinidad and Tobago Securities & Exchange Commission.
Massy Finance's head office is located at 3rd Floor, Princes Court, 15-17 Keate St, Port-of-Spain. Carilend is the trading name of Caribbean Lending (Trinidad & Tobago) Limited (Registered in Trinidad & Tobago as company number C2018102407228 and offices located at Level 2, Invaders Bay Tower, Invaders Bay, Off Audrey Jeffers Highway, Port of Spain, Trinidad & Tobago). Carilend is a financial technology company, not a bank.
You may contact Carilend at infott@carilend.com or (868) 235 6066. For any questions related to Massy Finance GFC’s involvements, you may contact (868) 625-3683 or (868) 625-3686.
Why Did We Start
When we looked around the Caribbean at investing and borrowing money, we wanted to bring great options, fantastic customer experiences and very efficient processes for everyone. Whether consumers are investing their money to see it grow or are at a point where they need to borrow in order to achieve their goals and dreams, Caribbean consumers deserve great service, individual pricing and more choice.
We searched globally for the most admired, technologically enabled way to revolutionise this experience. We learned about the exponential growth and the wonderful customer experience of Peer to Peer lending around the globe. We examined the many variations and models and quickly decided we would build our business on the principles and processes used in the UK, which have become recognised globally as the best run and most admired.
Now we are delivering that great customer convenience and experience, greater choice and better pricing for all to the Caribbean.
Board of Directors
Mark Young
CEO, Director & Co-Founder
Mark Linehan
Director & Co-Founder
Kailash Pardasani
Director
Peter Reid
Director
Peter holds the title of Deputy CEO of the VM Group. He is a career Banker with over 30 years experience in the financial services sector with expertise in sales and management, credit, financial analysis, financial advisory and deal structuring. Before VM, he was a District Vice President for the Bank of Nova Scotia Jamaica Ltd.
Natalie Bennett
Director
Natalie is the Acting CEO of VM Pensions Management Ltd. She has over a decade of experience in the financial services and pension industry with expertise in pension administration, risk management and regulatory compliance, and has previously held roles with the Financial Services Commission, Petroleum Corporation of Jamaica and Sagicor Life Jamaica.