Wingocard launches alongside $3M seed funding to-date to help teens establish a foundation of personal finance knowledge through gamification
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Empowering teens with financial autonomy, Wingocard is the new debit account designed to keep things simple and help the next generation build a foundation of personal finance knowledge.
Wingocard App
More than ever, teens need a digital way to manage their money and Wingocard is a unique opportunity to provide them with fun and easy-to-use tools that will help them become financially independent. NEW YORK (PRWEB) May 19, 2021
Wingocard, the mobile banking app and debit card made to reward teens for being smart with their money, today announced its official launch, alongside $1.7M in funding in addition to a previous $1.3M, totaling $3M in seed funding to date. The most recent round was led by Panache Ventures, with participation from select angel investors i
Digital bank Relay raises $19.4 million to automate financial management for small business
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Relay, a digital banking platform for small businesses, announced today that it has raised USD $19.4 million in funding, including a $15 million Series A led by Bain Capital Ventures with participation from Better Tomorrow Ventures, Garage Capital, Tribe Capital, Panache and Amaranthine. This capital will accelerate Relay’s mission to increase the success rate of small business by automating financial management for business owners. TORONTO (PRWEB) May 13, 2021 Relay, a digital banking platform for small businesses, announced today that it has raised USD $19.4 million in funding, including a $15 million Series A led by Bain Capital Ventures with participation from Better Tomorrow Ventures, Garage Capital, Tribe Capital, Panache and Amaranthine. This capital will accelerate Relay’s mission to increase the
David Dufresne to depart Panache Ventures
David Dufresne has decided to step away from Montréal-based Panache Ventures, the early-stage venture firm he helped launch.
Dufresne shared the news Tuesday with Panache’s portfolio companies, limited partners and co-investors. The founding partner noted that he has been transitioning over the last few weeks to a part-time venture partner role with Panache.
“Those of you aware of Panache’s origin story will understand how hard it is for me to move on from the firm I helped conceive and launch.”
“With Panache Ventures we are in the last year of the investment period for the first fund,” said Dufresne. “As we started discussing a second fund, my partners and I have found ourselves diverging on the topics of strategy, investment decision process, fund operations, and team management for Fund II. So we have decided to pursue alternative directions.”
Today in funding: Botpress, Sherpa, Kinetyx, Realize Medical, G2V Optics, Solvera Solutions
Six Canadian startups have recently announced fresh funding rounds to fuel their growth. Here’s the latest on who raised, how much, from whom, and what they’ll be putting the new funds toward.
Botpress lands $15 million Series A
Botpress, a Québec City-based startup that aims to help developers build conversational-based apps, has raised a $15 million Series A round of funding.
The round was led by venture firm Decibel with participation of Inovia Capital, Panache Ventures, Real Ventures, Hike Ventures, One Way Ventures, Fonds Innovexport, and Boxone Ventures. Decibel’s Jon Sakoda will join Botpress’s board of directors as part of the deal.
Inovia, Shopify back delivery startup Swyft in $22 million Series A round
Swyft, a Toronto-based digital logistics startup, has raised $22 million CAD ($17.5 million USD) in Series A funding in a round co-led by Inovia Capital and with participation from Shopify.
With just one year in-market after launching its offering, Swyft has seen positive momentum in its hometown and is now looking to replicate its same-day delivery model across Canada and into the United States.
“Where Swyft plays and wins is in that middle between next day and on-demand, and that’s where the largest market opportunity for e-commerce is also.”
– Aadil Kazmi