Momentum Financial Services Group upsizes its loan facility with Ares to C$810 million to support growth and new products. The increased commitment enhances their financing capacity in Canada and the U.S.
Amount Raised
C$152 Million
Round Type
Debt Financing
TorontoFinancial ServicesFinanceFintechLendingInvestors
Description
Momentum Financial Services Group has renewed and upsized its secured loan facility with Ares from C$657.9 million to C$810 million. This expansion provides additional financing to support growth in Canada and new products launching in both Canada and the United States. The facility has an accordion feature allowing for an additional C$130 million. CEO Peter Kalen emphasizes the importance of this renewal in meeting the company's growth needs.
Quick answer
Momentum Financial Services Group raised C$152 Million in a Debt Financing round, dated September 17, 2026. Investors: Ares Alternative Credit. Momentum Financial Services Group is based in Toronto, Ontario, Canada.
- How much did Momentum Financial Services Group raise?
- Momentum Financial Services Group raised C$152 Million in a Debt Financing round on September 17, 2026.
- Who invested in Momentum Financial Services Group?
- Ares Alternative Credit is named as investors in this round.
- What does Momentum Financial Services Group do?
- Momentum Financial Services Group is a leading provider of accessible financial solutions, dedicated to empowering individuals and families to achieve their goals.
- Where is Momentum Financial Services Group based and how big is it?
- Momentum Financial Services Group is based in Toronto, Ontario, Canada. Fundz records about 1,500 employees.
- Who are the decision-makers at Momentum Financial Services Group?
- Fundz holds 2 contacts at Momentum Financial Services Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Momentum Financial Services Group that raised within 45 days of this round, from Fundz verified event records.
- Finfra raised an undisclosed amount (Series A) on October 30, 2026.
- Spicenet raised $5M (Series A) on October 27, 2026.
- Barings raised $100M (Debt Financing) on October 27, 2026.
- Lovey raised $66M (Debt Financing) on October 27, 2026.
- Hyphenate raised $45M (Series A) on October 27, 2026.
- Akme Fintrade (India) Limited raised $5.3M (Debt Financing) on October 26, 2026.
Who to call at Momentum Financial Services Group, and when
A new round usually means Momentum Financial Services Group is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Momentum Financial Services Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Momentum Financial Services Group, from your own LinkedIn network
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