B4checkin
BDC helped us fuel our growth. And with a much-needed loan to relieve strain on our cashflow during the pandemic, we were able to maintain our momentum and develop more business!
Martin MacKinnon
CFO/Co-founder
Hospitality booking engine and online payment portals adopted by many of the largest resort hotels in the world
About the company
Offers cloud-based solutions with an unsurpassed secure online payment experience, ensuring both PCI-compliant booking and payments.
Location: Halifax, Nova Scotia
Industry: Technology
Entrepreneur challenge
This company had international growth ambitions but with few tangible assets, it faced real challenges to secure financing from conventional sources. And with the travel industry impacted by the COVID-19 crisis, the owners needed to preserve their cash flow to ride out this challenging period and pursue their growth plans.
BDC expertise
BDC supports more than 3,500 Canadian tech businesses. Its dedicated Tech team, which caters to asset-light companies and gives them access to the right funding, advice and partners, provided financing and a joint loan with EDC to address the firm’s challenges.
Results
- Achieved 25% year-over-year growth
- Created many business opportunities despite these unusual times
- Well-positioned to maintain a high rate of growth for the long term