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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.
PRIVATESep 17, 2026•about 3 hours ago
Amount Raised
C$152 Million
Round Type
Debt Financing
TorontoFinancial ServicesFinanceFintechLending
Investors
Ares Alternative Credit
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.
Company Information
Company
Momentum Financial Services Group
Location
Toronto, Ontario, Canada
About
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.
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TorontoFinancial ServicesFinanceFintechLending