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The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer DARRYL DYCK/The Globe and Mail Technology companies in Canada are running into an age-old frustration as they vie for talent in a highly competitive hiring landscape: It’s tough to find qualified workers. With the wider labour market still in recovery mode, the tech sector stands out. It’s not only managed to get through the pandemic with minimal damage, but many companies – from fledgling startups to industry stalwarts – are firmly in expansion mode. ....
Boast.ai looks to expand hires in Montréal as part of broader hiring spree across Canada betakit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from betakit.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article SAN FRANCISCO, Feb. 17, 2021 /PRNewswire/ Boast.ai, a software innovator whose flagship product automates the complex process of applying for R&D tax credits, has secured a $100 million credit facility from Brevet Capital, a leading alternative credit investment and specialty finance firm, to launch an innovative financing platform enabling startups to receive cash advances on R&D tax credits and subsidies. This new financing is in addition to Boast.ai s $23M Series A led by Radian Capital that was announced last December. Announcing the deal today, Boast.ai said the novel financing vehicle would simplify the R&D credit process and fuel innovation. ....
Boast.ai secures $100 million credit facility to build Clearbanc for R&D tax credits Boast.ai has secured a $100 million credit facility to provide companies with up-front loans for their government research and development (R&D) tax credits. The non-dilutive loans are reminiscent of the monthly recurring revenue (MRR) financing model used by companies like Clearbanc, and see Boast.ai expanding beyond its main business, an automated platform for claiming R&D tax credits in the United States (US) and Canada. The loan offering bolsters the company’s goal to become a one-stop-shop for startup’s R&D tax credit needs. ....
Boast.ai has helped more than 1,000 innovative companies to recover R&D costs from the US and Canadian government, streamlining the process and reducing the risk of costly audits. The company’s R&D tax credit software gathers data from a company’s existing technical and financial systems to identify, categorize, and time-track eligible projects. Boast.ai says it ensures “nothing is missed and all the supporting documentation is in place, leading to larger refunds with less investment of time and resources.” “R&D is the engine of the modern economy, and innovative companies should be able to access the tax credits they’re entitled to,” says Co-founder and CEO Alex Popa. ....