Canadian Fintech Brim Monetary Secures $25 Million By Collection B Funding Spherical Co-Led Desjardins Group & EPIC Ventures

Brim Monetary (Brim), a Canadian fintech and authorized bank card issuer, introduced on Tuesday it secured $25 million by way of its Collection B spherical, which was co-led by Desjardins Group and  EPIC Ventures with participation from Canadian and U.S.-based buyers, together with goeasy Ltd., White Owl, and Impression Ventures.

Based in 2017, Brim states it has constructed a bank card infrastructure and digital platform to convey “ground-breaking innovation” to the bank card and monetary area.

“Brim’s Platform as a Service allows banks, fintechs, credit score unions and enormous corporations to innovate with flexibility and velocity. Leveraging our end-to-end digital platform, suite of bank cards, monetary merchandise and embedded world rewards allows our B2B companions to launch a turnkey white labeled or co-branded platform in weeks.”

Whereas sharing extra particulars in regards to the platform, Rasha Katabi, CEO and Founding father of Brim Monetary, said:

“Our expertise stack powers banking, loyalty and built-in e-commerce on a single platform, with the shopper expertise on the heart of all of it. Immediately’s digital setting has introduced a brand new sense of urgency for establishments to evaluate how they are going to work together with their prospects. We’re properly positioned to be on the forefront of this transformation that’s shaping the way in which we reside, join and interact for many years to return, and we’re excited to be working with buyers who share the identical imaginative and prescient.”

Brim added that the Collection B funds will likely be used to proceed the expansion and improvement of the Brim platform.

“With Brim’s Platform as a Service, companions have the flexibility to customise each factor of the platform and leverage Brim’s end-to-end companies, on a modular and turnkey foundation.”