Brim Financial (Brim), a Canadian fintech and certified credit card issuer, announced on Tuesday it secured $25 million through its Series B round, which was co-led by Desjardins Group and EPIC Ventures with participation from Canadian and U.S.-based investors, including goeasy Ltd., White Owl, and Impression Ventures.
Founded in 2017, Brim states it has built a credit card infrastructure and digital platform to bring “ground-breaking innovation” to the credit card and financial space.
“Brim’s Platform as a Service enables banks, fintechs, credit unions and large companies to innovate with flexibility and speed. Leveraging our end-to-end digital platform, suite of credit cards, financial products and embedded global rewards enables our B2B partners to launch a turnkey white labeled or co-branded platform in weeks.”
While sharing more details about the platform, Rasha Katabi, CEO and Founder of Brim Financial, stated:
“Our technology stack powers banking, loyalty and integrated e-commerce on a single platform, with the customer experience at the center of it all. Today’s digital environment has brought a new sense of urgency for institutions to assess how they will interact with their customers. We are well positioned to be at the forefront of this transformation that’s shaping the way we live, connect and engage for decades to come, and we’re excited to be working with investors who share the same vision.”
Brim added that the Series B funds will be used to continue the growth and development of the Brim platform.
“With Brim’s Platform as a Service, partners have the ability to customize every element of the platform and leverage Brim’s end-to-end services, on a modular and turnkey basis.”