About Fostrum
Fostrum is a Financial Services company based in Vancouver (Canada) founded in 2018 by Salman Alam. Virtual bank for digital businesses. Its chief executive, as recorded, is Salman Alam. Fostrum offers products and services including Money Management Platform. Its focus areas include FinTech, Banking Tech, Internet First Banks and Through Bank Partnerships. Its competitors include Relay, NorthOne and Every; 3 of its 3 listed competitors have raised funding.
Company details
Fostrum was established in 2018 in Vancouver, Canada, as a virtual bank focused on digital businesses. Insured banking products are provided to facilitate money management and transaction handling. Operations are conducted online, targeting sectors reliant on digital infrastructure. Leadership is held by Co-Founder and CEO Salman Alam, with services centered on secure financial tools for business needs.
- Headquarters Vancouver, Canada
- Founders Salman Alam
- SectorsFinancial Services
- Website fostrum.com
- Social LinkedIn X Facebook
- Investors
Products & Services of Fostrum
Fostrum offers a comprehensive portfolio of products and services, including Money Management Platform.
Tool for managing finances of creators and influencers.
Funding Insights of Fostrum
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Fostrum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2019 | Seed | – | Techstars | – |
1 investors in total: 1 institutional.
Investors in Fostrum
Fostrum has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States |
Investor details for Fostrum
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Fostrum
1 people are tracked at Fostrum (1 in leadership).
| Name | Role | Group |
|---|---|---|
Salman Alam | Co-Founder & CEO | Leadership |
Complete people profiles for Fostrum
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Fostrum
2 dated milestones of Fostrum across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Fostrum is founded.
- Funding First funding round.
Competitors of Fostrum
Fostrum has 3 listed competitors in our database, 3 of them funded. They include Relay, NorthOne and Every.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| relayfi.com | 2018 | Toronto, Canada | $51.64M | Digital banking services for businesses are provided via an app. | ||
| northone.com | 2016 | Toronto, Canada | $90M | Digital bank for businesses | ||
| getevery.com | 2017 | Toronto, Canada | $600,000 | Digital banking services for businesses are provided via mobile platforms. |
Detailed competitors of Fostrum
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Fostrum
Fostrum was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Fostrum is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Salman Alam is the CEO of Fostrum, as recorded in our data. They have also founded this company.
Fostrum was established in 2018 in Vancouver, Canada, as a virtual bank focused on digital businesses. Insured banking products are provided to facilitate money management and transaction handling. Operations are conducted online, targeting sectors reliant on digital infrastructure. Leadership is held by Co-Founder and CEO Salman Alam, with services centered on secure financial tools for business needs.
Fostrum offers Money Management Platform.
Fostrum has 1 investor. Key investors include Techstars.