Brim Financial, a Toronto, Canada-based fintech infrastructure company, raised $85M in Series C funding.
The round was led by EDC Investments, and included participation from Vistara Growth alongside return investors White Owl Group, Epic Ventures, and Zions Bank.
The company intends to use the funds to accelerate its U.S. expansion strategy, including extending its market reach, accelerating product development and forging strategic alliances.
Led by CEO and Founder Rasha Katabi, Brim is an enterprise technology company providing a broad suite of payment solutions for businesses and consumers as well as comprehensive enterprise workflows for issuers.
Its technology enables fintech companies and banks to decrease time to market while reducing the cost and challenges associated with building and maintaining advanced capabilities independently.
Since closing the firm’s Series B funding round, Brim has:
- Entered into a partnership with Mastercard, including integration of its open banking capabilities to modernize credit card infrastructure in the U.S.
- Formed a strategic partnership with TrueNorth to deliver Credit Cards-as-a-Service platform to financial institutions and fintech customers in North America.
- Rolled out credit-card-as-a-service (PaaS) to banks, credit unions, and major international brands, including Laurentian Bank, Affinity Credit Union, CWB, and Air France-KLM.
- Expanded momentum in the U.S. market with middle market U.S. banks.
FinSMEs
03/04/2024