Progressa, a Vancouver and Toronto based financial technology company, announced today it has successfully closed an $84 million equity and loan funding round. The equity financing was co-led by Canaccord Genuity Corp. and Gravitas Securities Inc. and included Eight Capital and Paradigm Capital as part of the syndicate.
Some entrepreneurs can be spotted a mile away. The forceful passion and undiluted energy they convey with every word gives these daring self-starter away even before they explain their entrepreneurial inclinations.
Vancouver-based financial technology lender Progressa announced today that the Board of Directors has recently appointed Dave Nickel, founder of Snap Financial Group, as the Company’s new Executive Board Chairman. Mr. Nickel will succeed former Board Chairman David Gens who will continue to serve on the Board of Directors.
As dissatisfaction with traditional banking rises – according to a recent study by Edelman, financial services are the least trusted major industry in the world – more and more customers are turning to financial technology (fintech) to meet their needs.