# Impak Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/impak-finance

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.impakfinance.com
- Total disclosed funding: $5.5M
- Latest round: Series A (Sep 29, 2022)
- Investors on record: 3

## About

Impak Finance Inc. provides innovative financial solutions tailored for the digital economy, including a digital wallet and rewards platform that enhance customer engagement and transaction efficiency.Founded in 2016 in Montreal, Canada, Impak Finance Inc. focuses on delivering digital financial solutions. The company has engaged in 2 deals, with its most recent funding round occurring on September 29, 2022. Impak Finance raised EUR 4.5 mn in a Series A round led by Altalurra Ventures and Societe Generale Capital Partenaires, bringing the total amount raised to EUR 4.5 mn. The company was co-founded by Paul Allard, Jean Oulhen, Mark Samuel, and Niraj Choudhary.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 serves a diverse client base, including retail businesses and individual consumers across North America and Europe, focusing on markets that prioritize digital payment solutions and customer engagement strategies.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. Pricing structures for these services are determined based on the specific needs of the client and the scale of implementation, ensuring that Impak Finance aligns its offerings with the financial goals of its partners.Following its Series A funding round on September 29, 2022, in which Impak Finance raised EUR 4.5 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.

## Funding rounds

- Series A, Sep 29, 2022, $4.4M — Societe Generale Capital Partenaires, Altalurra Ventures
- Angel, Aug 14, 2018, $1.1M — AQC Capital

## Investors

- AQC Capital (https://capitalatlas.ai/funds/aqc-capital) — Angel
- Societe Generale Capital Partenaires (https://capitalatlas.ai/funds/societe-generale-capital-partenaires) — Series A
- Altalurra Ventures (https://capitalatlas.ai/funds/altalurra-ventures) — Series A