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Arthur Zhao Upgrades Brim Financial’s Exec Team as Company Charges Ahead

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Brim Financial recently announced the appointment of a chief financial officer.

The Toronto-based financial technology startup says that former Marqeta finance executive Arthur Zhao has joined the crew as part of a broader executive suite expansion.

The overall expansion is to support market demand for the company’s flexible and scalable embedded finance solutions, including its platform-as-a-service and credit card infrastructure, according to Brim.

“We are committed to building one of the most talented teams in the industry and are thrilled to have Arthur join us to support our rapid expansion at Brim,” said Rasha Katabi, CEO of Brim Financial.

“His proven leadership experience in high-growth environments and wealth of industry knowledge is a perfect addition to our team,” she added.

Zhao boasts 20 years of experience in the fintech industry, most recently serving as vice president of finance and revenue operations at Marqeta, where he was instrumental in building a finance function to support the company’s rapid growth, including multiple rounds of capital raise and a successful IPO in 2021. He also worked at PayPal.

“I have been fortunate to be a part of some outstanding organizations and in Brim, saw an opportunity to play a key role in a dynamic, growing company,” said Zhao.

“Brim is well positioned globally within an evolving digital banking and payments ecosystem, and I look forward to helping them continue on their trajectory as a market leader,” he added.

Last year, Brim raised a $25 million Series B round, co-led by Desjardins Group and US-based EPIC Ventures.

Impression Ventures Launches $64 Million Fund Targeting Seed-Stage Fintech

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There is a new financial technology fund in Canada.

Impression Ventures recently raised $64 million to launch Impression IV, the Canadian venture capital firm’s fourth fintech fund. Supported by both Bank of Montreal and CIBC, the Toronto- and Montreal-based Impression says that IV will invest “in seed-stage firms in the US and Canada that are leveraging technology to disrupt and enhance the delivery of financial products and services.” [Read more…] about Impression Ventures Launches $64 Million Fund Targeting Seed-Stage Fintech

Brim Co-founder Raises $10 Million For the ‘Smartest Card You Will Ever Need’

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Toronto fintech SAVVII has raised a $10 million funding round for the Smartest Card You Will Ever Need.

Set for Beta launch in the last half of 2022, SAVVII will offer a comprehensive suite of customizable solutions that allows its members to take an active role in their financial health, from smart saving to smarter spending and everything in between. [Read more…] about Brim Co-founder Raises $10 Million For the ‘Smartest Card You Will Ever Need’