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BetaKit: Paytm, PSP Investments alumni announce $5.25 million to build a super app for Canadian immigrants called Beacon

oronto and Montréal-based FinTech startup Beacon has emerged from stealth, announced $5.25 million CAD in previously undisclosed seed funding, and launched the first iteration of its planned ‘super app’ for Canadian immigrants.
Beacon was founded last year by CEO Stuart Szabo and chief product and technology officer Aditya Mhatre, former leaders at Canada’s Public Sector Pension Investment Board (PSP Investments) and Indian payments giant Paytm, respectively.