Fin-tech startup progressa secures $11.4 mln in Series A round
Vancouver-based financial technology startup progressa has raised $11.4 million in Series A financing. The round, comprised of equity and debt, was co-led by Cypress Hills Partners, a Canadian boutique merchant banking firm, and Conconi Growth Partners, a Canadian family office. Founded in 2013, progressa is an alternative lender focused on helping consumers resolve their overdue bills or other outstanding debts. With the close of its Series A round, the company plans to grow its consumer loan portfolio and strengthen its position in the Canadian online and peer-to-peer lending space. It will introduce a new marketplace investor platform early next year.
1 December 2015•4 mins read
