Vancouver-based Opal has raised $1.5 million in pre-seed funding to enhance its SaaS platform for agency back-office operations. Led by Founders Co-op, with backing from Exit North Ventures and fintech entrepreneur Ian Crosby, the round supports the launch of Opal Spend, an ad-spend platform integrating payments, invoicing, and contract management.
Founded in 2024 by Alex Steele, Opal originated from his media firm, Easy Agency, to streamline financial workflows. The Opal Spend card offers virtual issuance, spend controls, and cashback rewards. With 400% growth and top engineering hires, Opal aims to be the leading financial platform for agencies.
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