The Toronto-based fintech announced Desjardins Group and Epic Ventures co-led the round, which will be used to bolster the company’s platform-as-a-service technology. (The Logic)

Talking point: Brim’s payment technology can integrate with partners like banks or credit unions, and comes with a global loyalty program. The integration can be completed within eight weeks, according to the company. “Today’s digital environment has brought a new sense of urgency for institutions to assess how they will interact with their customers. We are well positioned to be at the forefront of this transformation,” said Rasha Katabi, chief executive and founder. Boosted by the pandemic’s e-commerce boom, Brim has seen increased interest from merchants who are seeking to provide their own credit cards and loyalty programs. The company plans to launch its first partnership with a mid-sized Canadian bank in the coming weeks. Brim is one of a handful of women-led early-stage companies in the country to complete a funding round of over $20 million.