ChangeIt nabs $2.2 million in funding from angels, FedDev Ontario
Formulating Change Inc, a.k.a. ChangeIt, a Canadian philanthropy-driven technology company, has raised a total of $2.2 million in financing. Of this total, $1.46 million was provided by members of MaRS Angels and Golden Triangle Angel Network, and $730,000 by FedDev Ontario. Based in Waterloo, ChangeIt has developed software that allows consumers to make donations to charities by rounding up credit or debit card purchases to the nearest dollar. The company, which is also backed by MaRS Investment Accelerator Fund, aims to use the new funds to hire a sales team to market its product to North American financial institutions.
29 February 2016•3 mins read
