September 30, 2020
With the acquisition, Ownr becomes the industry-leading platform for entrepreneurs to create and manage their businesses
Ownr by RBC Ventures has acquired Founded Technologies (“Founded”), an innovative, all-in-one technology platform that has helped thousands of Canadian entrepreneurs start and grow a business. Founded provides businesses with the ability to automate sophisticated legal tasks such as incorporations, equity management, and legal agreements while saving thousands of dollars in legal fees.
“At Ownr, every decision we make is grounded in how we help small business owners start and succeed. With this acquisition, we’re solidifying our current strengths in business formation while building towards our broader goals—helping entrepreneurs at every stage of their journey,” said Shadi McIsaac, co-founder, Ownr. “And at a time when small businesses need digital resources and support the most, RBC Ventures is bringing together these two leading platforms to further its commitment to the small business community.”
According to a recent Statistics Canada report, COVID-19 has had a significant impact on Canadian small businesses as revenues are down at least 20% in Q1 2020 compared to Q1 2019. Despite those challenges, Ownr has seen a rapid increase in entrepreneurship activity across Canada, with 100% growth in business formations since February. With this massive growth in small businesses and many Canadians starting a business for the first time, Ownr's mission to support entrepreneurs is more critical than ever.
“Navigating the entrepreneurial journey and growing a business can be challenging at the best of times, and throughout the COVID-19 pandemic, we’ve seen increased pressures on small business revenues and operating models,” said Shane Murphy, co-founder, Founded. “By bringing Ownr and Founded together, we will provide additional tools to ease the pain and burden on small business owners, and offer more solutions to allow them to focus on what matters the most—growing their business.”
With this acquisition, Ownr, which already offers best-in-class tools to register a business and grow a brand, quickly becomes the go-to solution for small business owners across Canada. Through this and other initiatives like Canada Starts and Ownr Grants, Ownr is reaffirming its mission to help grow the small business community in Canada.
Ownr simplifies the process of registering or incorporating a business and makes it easy, accessible, and affordable. By combining technology, seamless customer service, and the resources business owners need, Ownr enables entrepreneurs to start, manage, and grow their business. Ownr has helped over 20,000 Canadians launch their dreams since 2017. Ownr is an RBC Ventures business. For more information, visit www.ownr.co
Shopify is a leading global commerce company, providing trusted tools to start, grow, market, and manage a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for reliability, while delivering a better shopping experience for consumers everywhere. Headquartered in Ottawa, Canada, Shopify powers over one million businesses in more than 175 countries and is trusted by brands such as Allbirds, Gymshark, Staples and many more. For more information, visit www.shopify.com.
About Staples Canada
Staples Canada is The Working and Learning Company. With a focus on community, inspiration and services, the company is committed to being a dynamic, inspiring partner to customers who visit its 305 locations across the country and online at staples.ca. The company offers four co-working facilities in Toronto, Kelowna, Oakville, and Ottawa under the banner Staples Studio. Since its transformation to The Working and Learning Company, Staples Canada has been demonstrating a renewed commitment to small businesses and consumers, through expanded services that go beyond printing in Solutionshop, thousands of new products, tech services, special events, and informative content with the Spotlight Speaker Series and newly-launched blog.
Moneris is Canada’s largest provider of innovative solutions for mobile, online and in-store payments, processing more than one in three transactions. Serving businesses of every size and industry, Moneris offers hardware, software and solutions to help transform the way businesses grow and operate, in payments and beyond. For more information, please visit www.moneris.com and follow @moneris.
For more information, please contact:
Corey Black, RBC Corporate Communications 437-244-4541
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.
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