Fintech start-up Collage has secured CAD5m ($3.8m) in seed funding from venture capital firm Diagram, which is backed by Power Financial. Collage 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. Diagram is primarily financed by Portag3 Ventures, itself sponsored by Power Financial and its subsidiaries. The startup was founded last year with a focus on helping employers manage their workforces through automation. 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 CAD5m ($3.8m) in seed funding from venture capital firm Diagram, which is backed by Power Financial. Collage 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. The startup was founded last year with a focus on helping employers manage their workforces through automation. CEO Elijah Moore said the business is planning to introduce insurance products that are new to both Canada and the US.