Corporate Archives - Evolocity Financial Group
RELEASE – OnDeck Announces Agreement to Combine Canadian Operations with Evolocity Financial Group

RELEASE – OnDeck Announces Agreement to Combine Canadian Operations with Evolocity Financial Group

Combination Will Create A Leading Online Lending Platform Serving Small Businesses in Canada Today’s announcement was made by Noah Breslow, Chairman and Chief Executive Officer of OnDeck and Neil Wechsler, Chief Executive Officer of Evolocity. The transaction will combine the direct sales, operations, and local underwriting expertise of the Evolocity team with the marketing and…

The Canada Post Strikes: What Your SMB Needs to Know

The Canada Post Strikes: What Your SMB Needs to Know

Small businesses across Canada have been feeling the effects of Canada Post’s rotational strikes. So what do you do when it’s the busiest online shopping season ever and one of your primary distribution channels goes missing in action? A Long History of Labour Disputes Canada Post strikes are nothing new. Between 1965 and 1997 the…

RELEASE | Evolocity Receives Significant Increase to Senior Banking Facility with Bank of Montreal (BMO)

RELEASE | Evolocity Receives Significant Increase to Senior Banking Facility with Bank of Montreal (BMO)

Evolocity Financial Group Adds Funding Capacity; Significant Increase to Senior Banking Facility with BMO High Demand for B2B Lending Products Driving Growth Montreal, Quebec – September 13, 2018 – Evolocity Financial Group, a leading financial technology company providing business loans and merchant cash advances to small and medium-sized Canadian merchants (“SME”), today announced that it…

Online Lending in Canada: A Look Back

Online Lending in Canada: A Look Back

Evolocity Financial Group is celebrating our 10th anniversary this year and we have been doing a lot of reminiscing. The conversations tend to go the same way as we dive into the drastic changes our industry has gone through over the last decade. You might be surprised to hear about how different things were back…

We’re Back! – The 2018 Women Founders Fund

We’re Back! – The 2018 Women Founders Fund

A few years back, we started noticing a very concerning trend in the lending space, women were experiencing significant hurdles when trying to secure financing. The gap between male and female led business was too large for Evolocity Financial Group to ignore, something had to be done. In 2016, we launched the Women Founders Fund…

Evolocity Financial Group recognized as Employee Recommended Workplace for 2018

Evolocity Financial Group recognized as Employee Recommended Workplace for 2018

Morneau Shepell and The Globe and Mail to announce category winners on March 20 TORONTO, Feb. 15, 2018 /CNW/ – Today, Morneau Shepell and The Globe and Mail announced 53 Employee Recommended Workplaces for 2018, in the second annual Employee Recommended Workplace Award. These organizations have achieved high standards for healthy workplaces, as reported by their employees, and have earned to…

Startup Spotlight: The 2017 Women Founders Fund Recipients

Startup Spotlight: The 2017 Women Founders Fund Recipients

Last month, in partnership with Startup Canada and Global Payments, we announced the four recipients of this year’s Women Founders Fund. The Fund provides women entrepreneurs with support to access growth opportunities, new markets, and to build competencies that enable immediate growth and expansion. As our president and co-founder Davis Souaid said, “The sheer level…

How to change the face of startups? Support female entrepreneurs

How to change the face of startups? Support female entrepreneurs

It can be tough out there for a female entrepreneur. It’s a hot topic of conversation, but for Evolocity Financial Group, the gap became too obvious to ignore. Evolocity decided to lend their support by partnering with Startup Canada, a non-profit lobbying and support organization for entrepreneurs, to create The Women Founders Fund, a program…

How the right business loan helps entrepreneurs reach new potential

How the right business loan helps entrepreneurs reach new potential

Frank Shooflar knew he had a solid plan to build a profitable business when he dreamt up Wazo Furniture. He had the grit, talent and advertising strategy needed to turn this one-man show into a recognizable company with more than 20 employees, but that transformation couldn’t happen without a financial partner who saw the same…