M&A Deal Summary

OnDeck Acquires Evolocity Financial Group

On December 5, 2018, OnDeck acquired financial services company Evolocity Financial Group

Acquisition Highlights
  • This is OnDeck’s 1st transaction in the Financial Services sector.
  • This is OnDeck’s 1st transaction in Canada.
  • This is OnDeck’s 1st transaction in Quebec.

M&A Deal Summary
Date 2018-12-05
Target Evolocity Financial Group
Sector Financial Services
Buyer(s) OnDeck
Deal Type Add-on Acquisition

Target

Evolocity Financial Group

Montreal, Quebec, Canada
Evolocity Financial Group is a provider of financing solutions to small and medium-sized Canadian businesses through an online application process. Evolocity Financial Group is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

OnDeck

New York, New York, United States
Category Company
Founded 2006
Sector Information Technology
Employees726
Revenue 351M USD (2018)
DESCRIPTION

On Deck is a provider of data analytics and digital technology to make real-time lending decisions and deliver capital rapidly to small businesses online. On Deck uses data analytics and digital technology to make real-time lending decisions and deliver capital rapidly to small businesses online. The company also offers bank clients a comprehensive technology and services platform that facilitates online lending to small business customers through ODX, a wholly-owned subsidiary. On Deck Capital was founded in 2006 and is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Mergr

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