Founded 2009, as Mercantile Advance
Headquarters Montréal, Quebec
Operates in Canada, all provinces
Ownership Private and founder-owned following a 2022 management buyout from OnDeck
Funding range $10,000 to $500,000
Repayment Fixed daily or weekly payments over six to 24 months; revolving line; factor rate on the flex advance
Security Mostly unsecured; facilities above $300,000 may require security
Industries Retail, food and beverage, health and wellness, restaurants, convenience, automotive and salons; excludes firearms, gambling and money services
Capital deployed $1B+
Leadership Neil Wechsler (CEO), David Souaid (CRO), Harley Greenspoon (COO)
Website journeycapital.ca
Best suited for established Canadian SMBs above $120,000 annual revenue with steady card sales.
Journey Capital is a Canadian online small-business lender headquartered in Montréal, providing fast, flexible access to capital for Canadian small and medium-sized businesses. It is led by CEO Neil Wechsler and serves customers bilingually in English and French.
Champion Canadian entrepreneurs with fast, flexible access to the capital they need.
The business began in 2009 and operated over the years as Evolocity and then OnDeck Canada. It became an independent Canadian company through a management buyout from Enova in 2022, and rebranded to Journey Capital in 2024. It is privately held and independent.
Company profiles like this one are a general overview. To see whether a given lender would work with your business, and what they would actually offer, the answer comes from your own profile. Levr.ai matches you against a network of 50+ small business lenders across Canada and the United States.
Levr.ai is an independent business loan marketplace. This profile is provided as general reference and does not imply a partnership, affiliation, or endorsement between Levr.ai and Journey Capital. Company details change; confirm anything important directly with the company. Last reviewed July 2026.
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