Tech Company Financing Transactions
Momentum Financial Services Funding Round
Momentum Financial Services, based in Toronto, ON, secured $480 million from Ares Management.
Transaction Overview
Company Name
Announced On
6/24/2025
Transaction Type
Debt
Amount
$480,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The additional funds will be used to repay the 2023 secured loan facility and fuel further expansion in eligible loan receivables.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
20 Toronto St 12th floor
Toronto, ON, M5C 2B8
Canada
Toronto, ON, M5C 2B8
Canada
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Momentum Financial Services Group is a leading provider of accessible financial solutions, dedicated to empowering individuals and families to achieve their goals. As the team behind trusted brands like Money Mart® and The Check Cashing Store®, making up over 360 stores in Canada and 60 in the United States, Momentum specializes in providing flexible omni-channel solutions that fit real-life needs, whether it's a quick personal loan, cheque cashing, money transfers, or currency exchange.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Peter Kalen
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