Related stories: Millions invested to stop fintech brain drain Billionaire insurance family appoints fintech head Fintech start - up Collage has secured CAD5 million ( $ 3.8 m ) in seed funding from venture capital firm Diagram , which is backed by Power Financial . It is Canada 's first cloud - based human resources and benefits platform , and the company aims to use automation to " streamline and modernise the human resources industry " – described as an " underserved and growing " market by Diagram . Collage offers its free services to companies , in particular , smaller ones , earning money from commissions as a registered insurance broker . CEO Elijah Moore said the business is planning to introduce insurance products that are new to both Canada and the US .
Fintech start - up Collage has secured CAD5 million ( $ 3.8 m ) in seed funding from venture capital firm Diagram , which is backed by Power Financial . It is Canada 's first cloud - based human resources and benefits platform , and the company aims to use automation to " streamline and modernise the human resources industry " – described as an " underserved and growing " market by Diagram . Collage offers its free services to companies , in particular , smaller ones , earning money from commissions as a registered insurance broker . CEO Elijah Moore said the business is planning to introduce insurance products that are new to both Canada and the US .