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A fintech gets$ 12 Million in funding

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January 16, 2018 09:45

Photo : Freepik

The company comparison of rates Ratehub has received a funding of 12 million dollars (M$) of the share of the venture capital firm Elephant. The fintech wants to use the money to design a digital platform that will compare rates life and health insurance, home and auto. Ratehub will be the launch of its tools related to the insurance this year.

In addition, the company will develop as a platform with which Canadians will be able to complete the application process for a mortgage.

«A compelling value proposition»

«Canadians do not evaluate all of the options available to them when they are in need of a new financial product because of the loyalty rooted in their bank,» says Alyssa Furtado, co-founder of Ratehub and CEO of Ratehub.ca.

«The founder of Ratehub have executed an ambitious vision to become the leaders of the financial information for canadian consumers,» adds Jeremiah Daly, co-founder and partner of Elephant. They offer a compelling value proposition for all parties who are otherwise not in Canada. With this initial investment in Ratehub, we are excited to continue to see the company grow and dominate the canadian market. «

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