Pollinate Networks Inc.
BDC has grown with us! When we needed capital to pivot from a consulting business to becoming a tech company, they provided a flexible financial solution that really worked for us.
Christy Pettit
Founder & CEO
Eliminates the guesswork and complexity of matching people in organizations of all sizes
About the company
Uses Cross-Pollinate AI™ smart matching technology to pair and group people for agile and effective mentorship programs, teams and ecosystems
Location: Guelph, Ontario
Industry: Technology
Entrepreneur challenge
The company was looking for financing to shift from organizational development consulting to becoming a tech company that uses a proprietary matching technology to match people for mentorship programs, teams and ecosystems.
BDC expertise
BDC’s financing experts provided this longtime client working capital to help make the transition from a business with a transactional revenue model to a highly scalable SaaS platform. The bank was able to offer a discounted interest rate, principal payment postponement and a longer amortization period to protect the company’s cash flow.
Results
- Protected vital cash flow to invest in growth of business
- Grew the company without diluting ownership
- Successfully pivoted to a new business model
- Well-positioned for future growth