Toronto’s Brim Financial has raised an $85 million Series C funding round on the back of strong revenue growth, rapidly increasing market share and expansion into the business and commercial segments.
Brim is a leading fintech infrastructure company transforming the credit card platform and payment automation space.
The financing will fuel Brim’s U.S. expansion strategy, including extending its market reach, accelerating product development and forging strategic alliances.
Brim’s modular platform and highly scalable product suite fully empowers financial institutions, fintechs and large international brands to run and evolve their product platforms to meet their customer and market needs.
Brim’s technology enables these partners to significantly decrease time to market while reducing the cost and challenges associated with building and maintaining advanced capabilities independently.
“This funding will accelerate Brim’s growth and fuel our international expansion,” said Rasha Katabi, CEO and Founder of Brim.
“We will continue to execute on our robust product roadmap, focus on platform automation, and integrate open banking capabilities. Brim aims to redefine the credit card and payment infrastructure landscape and empower our customers to succeed in a rapidly changing environment.”
Led by EDC Investments, this round included participation from Vistara Growth alongside return investors White Owl Group, Epic Ventures, and Zions Bank.
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