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Fintech Global: Beacon launches to ease Canadian immigrant transitions

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Beacona Toronto and Montreal-based startup, has officially launched in the Canadian market with a CAD $5.25m seed funding round.

The company, founded by Stuart Szabo and Aditya Mhatre in 2023, aims to simplify the process for immigrants settling in Canada through its innovative Super App.

The seed funding was backed by notable Canadian investors, including Jawl Residential Group, Wayne Pommen, Adrian Rocca, Jonathan McCain, and US institutional investors such as MS Transverse Insurance Group.

Beacon’s primary focus is to support the needs of immigrants relocating to Canada by offering a comprehensive suite of financial and technology-backed services. The Super App provides pre-arrival assistance, including relevant content, digital information, and customized checklists to help newcomers prepare for their transition.

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