Full-Time

Strategy Manager

Momentum Financial Services Group

Momentum Financial Services Group

1,001-5,000 employees

Alternative financial services and cash access

Compensation Overview

CA$95k - CA$125k/yr

+ Bonus

Toronto, ON, Canada

Hybrid

Hybrid work environment; some in-office days at Toronto HQ.

Category
Business & Strategy (1)

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Requirements
  • 2–5+ years of experience in management consulting, corporate strategy, or a high-performance environment
  • Strong written and verbal communication skills
  • Demonstrated ability to structure ambiguous problems and synthesize insights quickly
  • Experience preparing materials for senior executives or board-level audiences
  • Highly organized with strong attention to detail
  • Comfortable managing multiple priorities under tight timelines
Momentum Financial Services Group

Momentum Financial Services Group

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Momentum Financial Services Group provides alternative financial solutions across North America for people who are unbanked or underbanked, including those with impaired credit who may not qualify for traditional banking products. The company operates a dual-channel model with a large network of physical retail locations in the United States and Canada, plus digital and mobile platforms, so customers can access cash and financial services in person or online. Its offerings include personal loans, check cashing, domestic and international money transfers, and prepaid card services. Compared with traditional banks, Momentum focuses on serving clients who are often left out of mainstream finance, using both storefronts and digital tools to reach them wherever they prefer to transact. The company’s goal is to be a vital financial resource for hardworking individuals by meeting needs that conventional financial institutions do not fully address.

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$482.5M

Headquarters

Toronto, Canada

Founded

1979

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Simplify Jobs

Simplify's Take

What believers are saying

  • Ares upsized loan facility to C$657.9M on June 24, 2025.
  • Expanded capital funds growing loan receivables portfolio.
  • Supports North American expansion for underbanked customers.

What critics are saying

  • CFPB enforcement caps rates, compressing margins 20-40% in 12-24 months.
  • Ares facility matures 2027-2028, refinancing hikes costs C$20-33M yearly.
  • Wise and PayPal erode 30-50% transaction volume in 18-36 months.

What makes Momentum Financial Services Group unique

  • Momentum targets underbanked with omni-channel loans and check cashing.
  • Operates 360 Canadian and 60 U.S. stores under Money Mart brand.
  • 40 years experience since 1979 as Dollar Financial Group.

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Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

2%
Gulf & Main Magazine
Jun 25th, 2025
Gulf & Main Magazine | Press Releases

With the expansion of its credit facility, Momentum Financial Services Group now has additional capital to fund its growing loan receivables portfolio and meet the needs of its North American customers. The additional funds will be used to repay the 2023 secured loan facility and fuel further expansion in eligible loan receivables.