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[Funding News] Canada-based Beacon Secures $5.25Million Seed Funding

Beacon,a provider of a new solution built to facilitate transitions for immigrants relocating to Canada secures $5.25million seed funding.

Beacon,a provider of a new solution built to facilitate transitions for immigrants relocating to Canada secures $5.25million seed funding.

Supporters included US institutional investors including MS Transverse Insurance Group, as well as Wayne Pommen, Adrian Rocca, Jonathan McCain, and Jawl Residential Group.

Read also – [Funding News] CA-based WitnessAI Secures $27.5Million in Series A Round Funding

The funding will be used by the startup to expedite the development of their software.
Under the direction of CEO Stuart Szabo and Co-Founder and Chief Product & Technology Officer Aditya Mhatre, it offers an app designed specifically for Canadian immigrants that offers checklists, personalised digital information, and pertinent stuff to download prior to leaving the country.

Beacon Money, an inventive, specially designed method of meeting an immigrant’s financial demands by providing common financial solutions, will soon be available on the app.

About Beacon

Beacon is a novel tool designed to help immigrants moving to Canada have seamless transitions. Beacon, which was founded on the idea that immigration should be an exciting trip rather than one filled with uncertainty, uses state-of-the-art technology to offer newcomers all-encompassing support.

Their Super App, which offers everything from banking solutions to necessary resources, makes it easier for newcomers to navigate the financial and informational obstacles they confront. It is intended to make the adjustment to Canadian life as smooth as possible.

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