About Brim Financial
Brim Financial is a company based in Toronto (Canada) founded in 2017 by Rasha Katabi.. Brim Financial has raised $101.79 million across 2 funding rounds from investors including Desjardins, goeasy and Export Development Canada. Brim Financial operates in a competitive market with competitors including Upgrade, Affirm, Neo Financial and BUY WITH IMPACT, among others.
- Headquarter Toronto, Canada
- Founders Rasha Katabi
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$101.79 M (USD)
in 2 rounds
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Latest Funding Round
$85 M (USD), Series C
Apr 04, 2024
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Investors
Desjardins
& 7 more
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Employee Count
Employee Count
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Funding Insights of Brim Financial
Brim Financial has successfully raised a total of $101.79M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $85 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series C — $85.0M
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First Round
First Round
(16 Mar 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series C - Brim Financial | Valuation | Export Development Canada | |
| Mar, 2021 | Amount | Series B - Brim Financial | Valuation | Desjardins , EPIC Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Brim Financial
Brim Financial has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Desjardins, goeasy and Export Development Canada. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Debt and equity solutions are provided to mid-to-late-stage technology companies.
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Founded Year | Domain | Location | |
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Early-stage technology companies are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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A private investment firm focused on diverse asset classes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Brim Financial
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Brim Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Brim Financial Comparisons
Competitors of Brim Financial
Brim Financial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Upgrade, Affirm, Neo Financial and BUY WITH IMPACT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer credit and banking products are offered to individuals.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online installment payment platform.
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| domain | founded_year | HQ Location |
Provider of financial products and services including credit cards, accounts, and investment options
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| domain | founded_year | HQ Location |
Operates an impact investment platform to connect users with meaningful opportunities.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Brim Financial
Frequently Asked Questions about Brim Financial
When was Brim Financial founded?
Brim Financial was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Brim Financial located?
Brim Financial is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Brim Financial?
Rasha Katabi is the current CEO of Brim Financial. They have also founded this company.
Is Brim Financial a funded company?
Brim Financial is a funded company, having raised a total of $101.79M across 2 funding rounds to date. The company's 1st funding round was a Series B of $16.79M, raised on Mar 16, 2021.
What does Brim Financial do?
Brim Financial was founded in 2017 in Toronto, Canada, within the fintech sector. Credit card payment solutions with NFC capabilities are provided to individuals and families, enabling contactless payments, offline purchases, and money transfers. A loyalty program is included, allowing points to be redeemed at any purchase. Installment financing options are facilitated through an app-based platform available on iOS and Android devices.
Who are the top competitors of Brim Financial?
Brim Financial's top competitors include Neo Financial, Upgrade and Affirm.
Who are Brim Financial's investors?
Brim Financial has 8 investors. Key investors include Desjardins, goeasy, Export Development Canada, Vistara Growth, and EPIC Ventures.