Instant Financial raises $14.3 mln in TTV-led Series A round

Vancouver-based financial technology startup Instant Financial has raised $14.3 million (US$11.4 million) in a Series A financing. The round, which brings total funding so far to $19.4 million, was led by U.S. venture capital firm TTV Capital. It was joined by ITC Partners Fund, Kinetic Ventures and Real Ventures, all existing investors. Founded in 2015 by CEO Steve Barha, CTO Kevin Falk and CRO Ryan Volberg, Instant helps more than 275,000 hourly wage employees access their pay daily while providing employers with savings. The funds raised will be used for customer acquisition, product innovation and growth of Instant’s market penetration.

CanadaNorth AmericaBriefs