Market Overview

impak Finance closes a $1.1 million angel financing round - Claude Chagnon, Didier Kuhn, Michel Lozeau and Daniel Paillé join its Board

Share:

impak Finance closes a $1.1 million angel financing round - Claude Chagnon, Didier Kuhn, Michel Lozeau and Daniel Paillé join its Board

Canada NewsWire

impak Finance closes $1.1m from Anges Québec, Anges Québec Capital, and well known figures from the investment world in Canada and France.

MONTREAL, Aug. 14 2018 /CNW Telbec/ - impak Finance, the first fintech to launch a marketplace to make buying from businesses with a positive social impact easy and rewarding, announces today the closing of a $1.1 million angel financing round with Anges Québec, Anges Québec Capital, as well as private investors from Canada and France. The company is also proud to announce that seasoned investors Claude Chagnon from the Fondation Chagnon, Didier Kuhn from the French ride sharing app BlablaCar, Michel Lozeau, a former National Bank of Canada executive, and former Quebec cabinet minister Daniel Paillé, have joined its Board.

"The support we are getting from well known entrepreneurs and investors is a demonstration of the enthusiasm behind our project: to channel capital towards enterprises that take to heart the welfare of people and the environment. Business as a force for good, an alternative to the traditional way of doing business, has increasingly been gaining ground worldwide", says Paul Allard, co-founder and CEO of impak Finance. "impak allows people to use their money for social and environmental good", he adds.

"The impak platform is innovating, highly disruptive and will federate the forces behind the impact economy, a sector showing 20% yearly growth", adds François Gilbert, CEO of AQ and AQC.

A marketplace dedicated to responsible consumption
impak Finance has created impak: an application and a marketplace (www.impak.eco) that reward responsible purchases from impact businesses. Citizens and professional buyers alike will be able to find qualified like-minded impact businesses. Furthermore, they will be rewarded for everyone of those purchases with impak Coins, a crypto-currency they will be able to use within the ecosystem. As of today, 10,000 account holders have suggested more than 40,000 enterprises they would like to transact with.

About impak Finance
impak Finance is the fintech that seeks to channel capital towards the social impact economy and bolster its growth. It has developed an application that makes responsible buying easy and rewarding through the usage of the impak Coin, the first digital currency dedicated to the social impact economy.
For more information: www.impak.eco

About Anges Québec Capital
Anges Québec Capital is an investment fund created to provide financial support to Anges Québec members. The fund is mainly sponsored by Investissement Québec, Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ, to support angel investors who invest in innovative start-up companies in Quebec.
For more information : www.angesquebec.com

 

SOURCE impak Finance

View original content: http://www.newswire.ca/en/releases/archive/August2018/14/c5005.html

View Comments and Join the Discussion!