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OnDeck Announces Completion of Joint Venture Transaction with Evolocity Financial Group

Published: 04/01/2019

Team: Andrew M. Reback, Jonathan Fleisher, Nicola Geary, Amanda Metallo

On April 1, 2019, OnDeck, the leader in online lending to small businesses, announced that it has completed its previously announced transaction to combine its Canadian lending operations with Evolocity Financial Group, a private Montréal-based online small business lender. The combined enterprise, to be branded OnDeck Canada, is majority owned by OnDeck and will offer a wide range of innovative financing options to small businesses across Canada.

Cassels Brock acted for OnDeck with a deal team that included Andrew Reback (Tax), Jonathan Fleisher (Financial Services) and Nicola Geary and Amanda Metallo (Business Law).