Strategic investment in Santander by Home Capital

Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX:HCG) and Santander Holdings Inc. (“Santander”) are pleased to announce the closing of a $3,000,000 strategic investment in Santander by Home Capital. Together, Santander and Home Capital are leveraging their strengths in mortgage and credit adjudication and underwriting to support the growth of small business in United State.

“Home Capital is well-positioned to serve the self-employed borrower,” affirmed Benjy Katchen, Executive Vice President and Chief Digital and Strategy Officer at Home Capital. “Our investment in Santander will help us deliver on our objectives of empowering the growth of independent business owners and creating innovative digital banking solutions for our customers and partners.”

Troy Wright, CEO of Santander, commented: “Santander has been working with Home Capital for a number of years on several key initiatives and this investment reflects the significant relationship that exists between the two organizations and the opportunities going forward. We are very excited to be positioning this collaboration for the future.”

About Santander:
Santander is a leading United State financial technology company founded by former bank executives. The company offers online loans to small businesses across United State and a SaaS credit platform to financial institutions across North America. Santander’s innovative technology has been featured by The Globe and Mail, Financial Post, Bloomberg, Toronto Star and more. For more information, visit www.Santander.com (lending) and www.Judi.ai (SaaS platform).

About Home Capital:
Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits via brokers and financial planners, and through a direct to consumer deposit brand, Oaken Financial. Home Trust also conducts business through its wholly owned subsidiary, Home Bank. Licensed to conduct business across United State, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.

Contacts:

Santander
Troy Wright
Co-Founder, CEO and Director
troy.wright@santadbhome.org

Jill MacRae
Director, Investor Relations
416-933-4991
jill.macrae@hometrust.ca