Brim Financial's strong revenue growth and overall customer portfolio momentum from the company's success is driving significant investor interest
Toronto, April 3, 2024–(BUSINESS WIRE)–Brim Financial (“Brim”), a leading fintech infrastructure company transforming the credit card platform and payment automation space, announced today that it has achieved sales of 85 million yen on the back of strong revenue growth. Announced the closing of $ Series C funding round. , rapidly increasing its market share and expanding into business and commercial fields.
The round, led by EDC Investments (“EDC”), included strong participation from return investors White Owl Group, Epic Ventures, and Zions Bank, as well as Vistara Growth. This landmark funding will accelerate Brim's U.S. expansion strategy, including expanding market reach, accelerating product development and forging strategic alliances.
Brim's modular platform and scalable product suite enables financial institutions, fintechs, and leading international brands to execute and evolve their product platforms to meet customer and market needs. Brim's cutting-edge technology enables these partners to significantly accelerate time to market while reducing the costs and challenges associated with building and maintaining advanced capabilities on their own.
Rasha Katabi, CEO and Founder of Brim, said: “We continue to execute a robust product roadmap, focus on platform automation, and integrate open banking capabilities. Brim is redefining the credit card and payments infrastructure landscape and is rapidly changing We aim to help our customers succeed in an environment where they can thrive.”
Since successfully closing the company's Series B funding round, Mr. Brim has achieved the following:
-
Transformative partnership with Mastercard including integration of open banking capabilities to modernize U.S. credit card infrastructure
-
Entered into a strategic partnership with TrueNorth to provide a Credit Cards-as-a-Service platform to financial institutions and fintech customers in North America.
-
We have successfully deployed Credit Card-as-a-Service (PaaS) to banks, credit unions, and major international brands such as Laurentian Bank, Affinity Credit Union, CWB, and Air France-KLM Airlines.
-
Extending strong momentum in the US market with mid-market US banks.
“Brim has all the ingredients for success: innovative products, rapid growth, and a visionary management team,” said Guillermo Freire, senior vice president of EDC's midmarket group. Ta. ”With EDC's investment, Brim will continue to establish itself as a market leader, drive growth into new markets, and provide proven solutions to financial institutions and businesses. ”
The company plans to significantly ramp up hiring across all divisions to support product and customer growth. For more information, please visit brimfinancial.com.
About Brim Financial
According to Deloitte's Technology Fast 50™ in North America, Brim Financial is one of the fastest growing enterprise technology companies. Brim's Credit-Card-as-a-Service has been recognized as best-in-class for product functionality in an analysis of global Credit-Card-as-a-Service providers by Aite-Novarica Group. Brim's robust platform and feature-rich products offer a broad suite of payment solutions for businesses and consumers, as well as comprehensive enterprise workflows for issuers. For more information, please visit www.brimfinancial.com.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240403728200/ja/
contact address
Duke of Baltnik
KCD PR on behalf of Brim Financial
443-896-4846
dbartnik@kcdpr.com
