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Farm payroll startup Labora wins SFU entrepreneurship competition


Farm payroll startup Labora wins SFU entrepreneurship competition
Surrey, British Columbia-based FinTech startup Labora has taken home the top prize at Simon Fraser University’s (SFU) 10th annual Venture Prize competition, coming away with a $35,000 prize package.
The awards were announced on April 21 during an online ceremony. For the second year in a row, the competition, which was sponsored by BC credit union Coast Capital Savings, was held virtually. According to SFU, this year, the competition saw a 35 percent increase in applications compared to 2020.
According to SFU, this year, the competition saw a 35 percent increase in applications compared to 2020.
Labora offers a digital payroll service for seasonal agricultural workers and farmers. The startup provides simple, automated payroll transfers, allowing workers to send remittances back home more easily by giving them a “safe, convenient alternative to travelling to a physical bank.” ....

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Profit for purpose: How a student-run business aims to help area nonprofits


Mary Laci Motley was all set to spend the summer after her first year at Carolina in New York’s financial district interning at a private equity firm. But life had other plans.
Shortly before she was supposed to head north, the business major learned that she’d been accepted into the Robertson Scholars Leadership Program and would instead be heading south to New Orleans to help out with Habitat for Humanity.
That shift from wealth management to philanthropy was seismic. “It was that summer that changed how I view business and how I view what personal success means to me,” says Motley, now a senior at UNC Kenan-Flagler Business School. ....

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