owl.co Labs, Inc., an insurance claims monitoring platform, today announced that it secured $30 million in Series-B funding to accelerate the company's growth. Cota Capital led the financing, joined by Sorenson Ventures, FUSE, Impression Ventures, Luge Capital, and Plug and Play Ventures. owl.co will utilize the funding to scale its insurance claims monitoring.
Brim Financial raises $25 million to grow FinTech platform
Toronto’s Brim Financial has closed a $25 million CAD Series B as it looks to expand its FinTech “platform-as-a-service” technology.
The round was co-led by Quebec-based Desjardins Group and United States (US)-based EPIC Ventures, and also saw participation from other Canadian and US investors including goeasy, White Owl, and Impression Ventures.
The startup claims its tech and credit card infrastructure “leverages the company’s ability to directly access the payment rails as an issuer, enabling Brim to deliver a fundamentally transformative ecosystem of financial products for consumers and businesses.”
Rasha Katabi, the CEO and founder of Brim Financial, said today’s digital environment has led many institutions to review how they interact with customers.