CANADA – Finofo, a Calgary, Canada-based fintech company, raised CAD1.6m in pre-seed funding.
The round was led by Motivate Venture with participation from SaaS Venture Capital, Desjardins Financial Holding, Sweet Spot Capital, and contributions from friends and family. The company intends to use the funds to expnd operations and its development efforts. Co-founded by Charles Maranda, and Prateek Sodhi, Finofo provides business finance teams with a financial platform for businesses to bank internationally, convert currencies, and automate their accounts payables, all from one place. 17/08/2023
