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Merchant Growth
Small business financing provider
- 21-100 employees
- Fintech
- Credit Scoring
- B2B
- Lending
- Gastown, Vancouver, BC
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Company mission
To provide the most convenient financing experience to business owners.
Our take
Small business financing has become a top priority for many of the world’s global economies. The FinTech, Merchant Growth, provides credit solutions for small businesses in Canada.
Through providing an automated credit adjudication engine and an easy-to-use interface for small business owners, Merchant Growth has become one of the fastest-growing lending outfits in Canada.
The company is now pursuing additional revenue streams. Most notably it is looking to successfully roll out its B2B Buy Now Pay Later product, tapping into the widespread trend. It acquired Lendified, a Canadian small business financier in 2023 to expand its customer base.
The biggest risk for Merchant Growth in this enterprise will be regulatory. While they have a serious technological advantage, authorities are sceptical about the impacts of such easy access to credit and may crack down on these fintechs in the medium-term.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Education and learning benefits
- On-site fitness facility
- Monthly team events
- A collaborative team environment
- Company-wide lunch and learns
- A remote workplace with an option to work in the office
- Competitive salary with quarterly bonuses
- Comprehensive group health benefits (Life, AD&D, extended health & dental and travel insurance)
- Flexible work schedule
Company values
- Small Business -We love to support small businesses!
- Creativity - Working together to find a creative solution to achieve growth is our thing
- Obsession with Improvement - We have a giant list of what we’re doing next
- Technology - We use technology to drive business forward
- Winning - Seeing you get ahead is the best thing ever
- Transparency - We are honest and transparent what you see is what you get
Funding (1 round)
Oct 2021
$3m
SERIES A
Total funding: $3m
Leadership
David Gens
(CEO)Previously, they were a partner with GBA Equity Partners, a Vancouver-based small to mid-market private equity firm. Also is a UBC business grad.