TIMIA provides $2 mln in revenue funding to Rise People
TIMIA Capital Corp has provided a funding facility of $2 million to Rise People Inc, a digital human resources and group health insurance platform based in Vancouver. A disbursement of an initial $1.5 million, followed by a further $500,000, will be made upon the meeting of certain milestones in the next 12 months. Founded in 2011, Rise People's user base has grown from 15,000 to 30,000 employees in the past two years. It is currently expanding to offer additional group and individual insurance online. TIMIA, a Canadian specialty finance firm, provides funding to technology companies in exchange for a royalty on revenue.
6 November 2017•2 mins read
