Impak Finance
Latest round
- Series A
Last raised
- Sep 2022
Total raised
- $5.5M
Investors
- 3
About Impak Finance
Impak Finance Inc.Founded in 2016 in Montreal, Canada, Impak Finance Inc. focuses on delivering digital financial solutions.5 mn.Impak Finance specializes in providing innovative financial solutions designed primarily for the emerging digital economy. The company’s core products include a digital wallet, a rewards platform, and various blockchain-based services aimed at facilitating transactions and enhancing customer engagement. These products address the growing need for secure, efficient payment systems and customer loyalty programs within both consumer and business sectors. The digital wallet allows users to store multiple currencies and engage in seamless transactions, while the rewards platform incentivizes spending and brand loyalty through a unique points system.Impak Finance generates revenue primarily through subscription models and transaction fees associated with its digital wallet and rewards platform. Clients typically engage with the company through partnerships that enable them to integrate Impak's offerings into their existing business frameworks. For instance, a retailer might subscribe to the rewards platform to enhance customer retention, paying a monthly fee for access and a transaction fee on each customer engagement processed through the system. The company may also collaborate with businesses to implement tailored loyalty programs, which can further drive revenue streams.5 mn, the company plans to further develop its market presence. The funds will be allocated towards enhancing their product offerings and expanding into new geographic regions. Specific growth initiatives include the launch of new features for their digital wallet and rewards platform aimed at increasing user engagement. Additionally, the company is targeting expansion into new markets across North America and Europe by 2024.
Who invested in Impak Finance
3 investors across 2 rounds
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Questions about Impak Finance
Who invested in Impak Finance?
Impak Finance has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Impak Finance raised?
Impak Finance has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Impak Finance last raise money?
Impak Finance's most recent round on record is a Series A, in Sep 2022.
What does Impak Finance do?
Impak Finance is a software company.
Where is Impak Finance headquartered?
Impak Finance is headquartered in Montreal, Canada.
Which VCs invest in companies like Impak Finance?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Impak Finance's stage. Their profiles are linked below.
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