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 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. Collage offers its free software 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.