Beacon, a Toronto-based fintech startup, has raised $5.25 million in seed funding to support its launch in Canada. Beacon aims to ease the transition for immigrants by offering a comprehensive app to support their first 100 days in Canada. The Beacon App will soon feature Beacon Money, providing everyday financial solutions tailored for immigrants.
Co-founder Aditya Mhatre, who faced challenges when he immigrated in 2014, emphasized the importance of these tools. The investment will accelerate the development of Beacon’s Super App. Investors include Jawl Residential Group and MS Transverse Insurance Group.
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