Need to Know: Arti Modi
Founder and director of the OmniArch Group of Companies Arti Modi wants to make the average Canadian borrower more than just a credit score
by Steven Butterworth
DOB: December 1, 1979
Hometown: Malvern, London
Higher ed: B.Sc., University of Calgary
Fun fact: “I was a barista at Starbucks. I can make a mean latte!”
Arti Modi is a co-founder and director of the OmniArch Group of Companies and managing director of OmniArch Capital Group, a private investment firm with more than $400 million in assets under management.
When Modi was 18, she and her family immigrated to Canada from England. She worked at Starbucks for a while, but soon she and her brother Jay started renovating houses in Calgary. “We had no clue about how to renovate a house, but we bought our first house, stripped everything out of it and rebuilt the whole interior,” she says. Calgary was in boom times, and the house sold in two weeks. She says she and her brother benefited from strong family support. “Everything that me and my brother do, we have a huge support network behind us, our parents are phenomenal and have always supported us,” she says.
From flipping homes, the Modis transitioned into an investment firm, creating OmniArch in 2003. It provides investment opportunities in fixed income, real estate, media and venture capital. The company is in the process of launching an online platform called LendingArch which will be able to connect borrowers with up to $35,000 dollars in minutes. “We are building this platform to look at all of our borrowers as more than a credit score,” she says.
In addition to LendingArch, Modi is aiming to expand the company. “We are planning to launch a couple more portfolio companies across Canada,” she says. “We want to make Canada – and especially Alberta – known for its technology scene.”