• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Fintech.ca

 
 
  • News
  • Events
  • Interviews
  • Thought Leaders
  • Techtalent.ca
  • About

Caary Raises $4.1 Million to Provide Credit to SMBs

July 6, 2021 by Joshua Rovner Leave a Comment

Toronto-based fintech startup Caary has received $4.1 million in funding in a late-seed equity round.

Caary’s financing involved a crowdfunding component with at least 150 undisclosed investors. The company claims it raised more than double its initial goal.

Founded in 2020, Caary offers a digital credit and payments platform to Canadian small and medium-sized businesses. The startup claims it has developed a unique model for evaluating and offering credit to SMBs based on assets and cash flow instead of credit history.

Caary previously raised a seed round of $1.6 million in May 2021 to fuel its talent recruitment efforts, which included adding former OMERS advisor John MacKinlay as CEO.

Caary also claims it provides same-day credit card approval, no personal guarantee requirements, and “near-instant” virtual card issuance, with physical cards to follow on demand.

The company plans to use its new funding to improve the product and support its go-to-market strategy, as it plans to launch its full platform this fall following the rollout of a private beta over the summer.

Filed Under: News Tagged With: Caary

 
 

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 

Email Newsletter

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Founding Sponsors

Recent Posts

  • Zūm Rails Partners with Western Union to Power Real-Time Global Transfers
  • Pesa Acquires UK’s Authoripay to Expand Global Remittance Capabilities
  • FBC Bolsters Tax Services Platform with ‘Complete’ Fintech Toolkit from Harvest
  • Ownright Launches Developer Platform to Embed Legal Closings in Proptech Tools
  • Trolley Powers Royalty Payouts in New OpenPlay Integration

Copyright © 2025 Incubate Ventures | Techtalent.ca · Techcouver.com · Calgary.tech · Decoder.ca · CleanEnergy.ca | Privacy