What the Velocity Capital Group Announcement Revealed

Velocity Capital Group has deployed over $1 billion to small businesses, newly unveiled financial stats show, shedding light on the firm’s performance as it enters a new phase of institutional-scale expansion. Across more than 10,000 transactions, VCG reports a 37.1% renewal rate and a sub-10% default rate.

The firm says it operates in all 50 states and is actively preparing to extend its model globally, with origination volumes projected to continue accelerating through 2030. As part of that, VCG has hired Michelle Melo as Director of Financial Operations & Capital Markets.

deBanked has been covering VCG’s expansion since 2018, starting with a profile that captured CEO Jay Avigdor’s rise from solopreneur to a large office on Long Island. At the time, Avigdor told deBanked: “We crawl before we walk before we run.” The company now appears to be in a full sprint as it looks globally.

This past February, Velocity Capital Group’s booth at deBanked CONNECT MIAMI included a surprise guest appearance from NBA All Star Bam Adebayo. Now with its recent big hire of Melo, Avigdor says, “VCG’s tech- and data-powered platform is scaling faster and more efficiently than nearly any peer in our category, and Michelle is here to institutionalize that advantage. She will drive pre-securitization discipline, standardized reporting, and the investor relationships we need to remove scaling friction and enable the next generation of growth. With Michelle on board, VCG is significantly closer to achieving our target of $1 billion in annual originations.”

Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.