Brim Financial, a fintech infrastructure business, has raised US$85 million in Series C funding, led by EDC Investments.

In addition, previous backers White Owl Group, Epic Ventures, and Zions Bank have returned to support Brim Financial's Series C round of funding together with newcomer Vistara Growth.

Brim credits strong revenue growth and increased momentum throughout its client base, including the business and commercial divisions, for the success of its most recent investment round.

Brim: Funding to support growth

In an effort to broaden its market reach, quicken the development of new products, and create new strategic partnerships, Brim will leverage its most recent capital to support its US expansion plan.

The CEO and founder of Brim, Rasha Katabi, states: "This funding will fuel our international expansion and accelerate Brim's growth."

"We'll keep implementing our solid product roadmap, concentrate on automating our platforms, and include open banking features. Brim wants to transform the credit card and payment infrastructure markets and give our clients the tools they need to thrive in a world that is changing quickly.

The following were among Brim's successes during its Series B and Series C funding rounds:

forged a strategic alliance with TrueNorth to provide financial institutions and fintech clients in North America with a Credit Cards-as-a-Service platform.

Credit-card-as-a-service (PaaS) has been effectively implemented for banks, credit unions, and significant worldwide businesses, such as Air France-KLM, Laurentian Bank, Affinity Credit Union, and CWB.

increased market traction in the US with middle-market US banks

Investigating Brim

Everyone can see that Brim is growing quickly and becoming more successful, but what exactly is Brim and why have its services contributed to such significant growth?

Established in 2015, Brim, a fintech company located in Toronto, has utilized its credit-card-as-a-service platform to provide integrated financing through a business-to-business (B2B) model to major banks, fintechs, and retailers.

Its clients may run and evolve their product platforms to meet changing consumer demands with the help of its scalable and modular product suite.

By utilizing Brim's technology, its clients may cut down on the expenses and difficulties involved in independently creating and sustaining innovative capabilities, as well as the time to market.

Recently, Brim and Mastercard announced a revolutionary alliance that includes the integration of Brim's open banking capabilities to modernize the credit card infrastructure in the United States.

Senior Vice-President, Mid-Market Group, of lead investor EDC Investments, Guillermo Freire, attests to Brim's significant development since its founding just nine years ago, saying the company "has all the elements for success - an innovative product, rapid growth and a visionary management team."

"Brim will maintain its leading position in the industry and expand into new markets with the support of EDC's investment, offering tested solutions to banks and businesses."

Brim's partnership-based rewards programs have also received recognition for their creative approach to credit card creation.