The Bank Slate


Fintech Brim Financial raises $85 million in funding

Brim Financial, a Toronto company that sells tech to help banks launch and manage credit card programs, has raised $85 million of Series C funding.

The fintech, founded in 2017, said in a press release that the funding round was led by EDC Investments and included Vistara Growth, White Owl Group, Epic Venture and Zions Bank.

Brim, which has partnerships with Mastercard and TrueNorth, said the funding will support its U.S. expansion strategy, including extending its market reach, accelerating product development and forging strategic alliances.

“This funding will accelerate Brim’s growth and fuel our international expansion,” Rasha Katabi, Brim’s founder and CEO, said in the release.

“We will continue to execute on our robust product roadmap, focus on platform automation, and integrate open banking capabilities,” Katabi added. “Brim aims to redefine the credit card and payment infrastructure landscape and empower our customers to succeed in a rapidly changing environment.”

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