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-0.00135854432428933 -0.000841805348701648 0.000323771287962257 0.000841805348701648 -0.00524509486498739 -0.00913035032053355 -0.00641067150165129 -0.00615165447128141
Stock impact report

EDC leads $85-million financing of fast-growing credit card technology startup Brim [Globe and Mail, The (Toronto, Canada)]

Shopify Inc. Class A Subordinate Voting Shares (SHOP) 
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Inc., the latest in a string of big-ticket growth equity investments of innovative domestic startups by the federal Crown corporation. Brim raised the funds from EDC's growth equity fund, with backing from past financiers Vistara Growth, White Owl Group, Epic Ventures and Zions Bank. It's one of the largest financings to date of a woman-led Canadian digital company, and Brim will use the money to fuel its expansion into the United States offering a digital credit card program management tool that has gained traction with second-tier Canadian financial institutions. “We definitely see other markets on the horizon, but we're very deliberately taking a Canada-U.S. approach before expanding in order to make sure that our delivery and platforms remain very strong,” said CEO Rasha Katabi, a financial services veteran executive who co-founded the company in 2015. She said the financing valued the company “significantly” higher than its previous venture capital financing in early 2021 , w Show less Read more
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