Brim Financial: Fintech Powerhouse Secures $85M in Series C Funding
April 6, 2024, 3:31 pm
Brim Financial, a fintech infrastructure company based in Toronto, Canada, has raised a whopping $85 million in Series C funding. Led by EDC Investments, this round also saw participation from Vistara Growth, White Owl Group, Epic Ventures, and Zions Bank. The company's goal with this funding is to supercharge its U.S. expansion plans, broaden its market reach, speed up product development, and form key partnerships.
Brim, under the leadership of CEO and Founder Rasha Katabi, is a tech company that offers a wide range of payment solutions for businesses and consumers, as well as enterprise workflows for issuers. Their cutting-edge technology allows fintech companies and banks to launch new products faster and at a lower cost, without the headache of building everything from scratch.
Since their last funding round, Brim has been making waves in the industry:
- Teaming up with Mastercard to revamp credit card infrastructure in the U.S. through open banking integration.
- Partnering with TrueNorth to provide a Credit Cards-as-a-Service platform to financial institutions and fintech clients in North America.
- Introducing credit-card-as-a-service to banks, credit unions, and major brands like Laurentian Bank, Affinity Credit Union, CWB, and Air France-KLM.
- Expanding their presence in the U.S. market, particularly with middle-market banks.
The company is now gearing up to hire more talent across all departments to support their growing product portfolio and customer base. CEO Rasha Katabi expressed excitement about the funding, emphasizing Brim's commitment to innovation and empowering customers in a rapidly changing landscape. EDC's investment is seen as a vote of confidence in Brim's potential to lead the market and bring valuable solutions to financial institutions and enterprises.
Brim, under the leadership of CEO and Founder Rasha Katabi, is a tech company that offers a wide range of payment solutions for businesses and consumers, as well as enterprise workflows for issuers. Their cutting-edge technology allows fintech companies and banks to launch new products faster and at a lower cost, without the headache of building everything from scratch.
Since their last funding round, Brim has been making waves in the industry:
- Teaming up with Mastercard to revamp credit card infrastructure in the U.S. through open banking integration.
- Partnering with TrueNorth to provide a Credit Cards-as-a-Service platform to financial institutions and fintech clients in North America.
- Introducing credit-card-as-a-service to banks, credit unions, and major brands like Laurentian Bank, Affinity Credit Union, CWB, and Air France-KLM.
- Expanding their presence in the U.S. market, particularly with middle-market banks.
The company is now gearing up to hire more talent across all departments to support their growing product portfolio and customer base. CEO Rasha Katabi expressed excitement about the funding, emphasizing Brim's commitment to innovation and empowering customers in a rapidly changing landscape. EDC's investment is seen as a vote of confidence in Brim's potential to lead the market and bring valuable solutions to financial institutions and enterprises.