Our History
Milestones in Motion
Mercado Capital Founded
Randy Smyth founded Mercado Capital, marking his entrepreneurial debut into non-bank equipment financing. The platform scales significantly over 15 years before being sold to a Canadian credit union in 2007- a foundational early exit.
Arundel Capital Established
Randy Smyth re-enters the equipment finance sector with the launch of Arundel Capital, an alternative, non-bank lending platform built to serve Canadian businesses. Arundel has since become a cornerstone within the Geminus ecosystem and continues to operate today.
Stride Capital Founded
Co-founded by Randy Smyth and former Mercado partners, Stride Capital was launched to serve prime borrowers seeking specialized financing outside of traditional bank structures. In 2023, Stride was acquired by Servus Credit Union, marking a successful platform transition.
Founding of Geminus
Founded in 2018, Geminus was formally established as a platform-building and strategic investment company, designed to own, operate, and support a portfolio of specialized financial services businesses. Its focus includes equipment leasing, secured lending, insurance premium financing, and portfolio servicing.
Arctos Capital Founded
Co-founded in 2018 with Trevor Smyth, Arctos Capital originated bitcoin-backed loans for digital infrastructure assets and completed the first securitization of bitcoin-backed loans in North America. Arctos was sold to NYDIG in April 2021, reinforcing Geminus’s ability to build and exit successfully.
Community Vehicle Financing
Geminus made a minority investment in Community Vehicle Financing, supporting the continued growth of a regional auto lending platform and expanding its presence in asset-based finance. Community Vehicle Financing was strategically wound down in 2022.
Sonoma Capital Launched
Geminus launches Sonoma Capital as a small-ticket equipment financing platform serving prime borrower profiles. Following the sale of Stride in 2023, Sonoma expanded its focus to fill the strategic role previously held by that platform.
Sonoma Investment by Megill-Stephenson
In Q4 2023, Megill-Stephenson Company makes a strategic equity investment in Sonoma Capital. The partnership strengthens Sonoma’s growth capacity and validates its role in the Canadian leasing space.
Geminus Servicing Inc. (GSI) Launches
Geminus launches Geminus Servicing Inc to provide standby and replacement servicing for commercial and consumer loan portfolios. Built to institutional standards, GSI offers disciplined billing, collections, and portfolio management, including AML/FINTRAC compliance consultation, with several mandates active in its first year.
Geminus Insurance Financing Inc.
Geminus launches GIFI to offer premium financing solutions that support borrower cash flow and complement equipment lending at the point of sale. Designed to integrate into existing credit workflows, GIFI expands the ecosystem’s ability to serve both brokers and end-users with efficient, optional insurance financing.
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