About Evolocity
Evolocity is a company based in Montreal (Canada) founded in 2008 was acquired by OnDeck in April 2019.. Evolocity offers products and services including Business Term Loan, Business Line of Credit, and Flex Funds Advance. Evolocity operates in a competitive market with competitors including 2M7 Financial Solutions, Capital Advance, Peerfunder, Conquest Financial Services and EFSA, among others.
- Headquarter Montreal, Canada
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Journey Capital Inc
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Products & Services of Evolocity
Evolocity offers a comprehensive portfolio of products and services, including Business Term Loan, Business Line of Credit, and Flex Funds Advance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fixed-term financing to support business growth and milestones.
On-demand funding for immediate business cash flow needs.
Variable-term funding aligned with business seasonal fluctuations.
Funding Insights of Evolocity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Evolocity
Evolocity has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include OnDeck. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Online platform for business loans
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Evolocity
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Evolocity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evolocity Comparisons
Competitors of Evolocity
Evolocity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 2M7 Financial Solutions, Capital Advance, Peerfunder, Conquest Financial Services and EFSA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers funding to small businesses via cash advances and flexible payments.
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| domain | founded_year | HQ Location |
Provides unsecured loans and merchant cash advances to support small business operations.
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| domain | founded_year | HQ Location |
Operates a P2P marketplace for revenue-sharing business financing options.
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| domain | founded_year | HQ Location |
Delivers payment processing solutions and merchant cash advances to support business financial needs.
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| domain | founded_year | HQ Location |
Offers fast financing and merchant cash advances to Canadian business owners.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Evolocity
Frequently Asked Questions about Evolocity
When was Evolocity founded?
Evolocity was founded in 2008.
Where is Evolocity located?
Evolocity is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
What does Evolocity do?
Evolocity is a provider of small business loans and merchant cash advances up to 300K to SMBs. The application process is entirely online, and the organization claims to disburse loans within 48 hours. To be able to qualify, the business must have an active commercial lease, average monthly sales of at least 15,000, and should have been in business at least 6 months. Clientele includes franchise owners of restaurant chains Burger King, SubWay, Caseys. As of March17, Evolocity has funded 100M to 2100 businesses till date.
Who are the top competitors of Evolocity?
Evolocity's top competitors include 2M7 Financial Solutions, Capital Advance and Peerfunder.
What products or services does Evolocity offer?
Evolocity offers Business Term Loan, Business Line of Credit, and Flex Funds Advance.
Who are Evolocity's investors?
Evolocity has 1 investor. Key investors include OnDeck.
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