The investment in the Calgary-based company was led by Carpae Investments and Alpenglow Capital. ZayZoon also received a $13-million credit facility from ATB Financial, an Alberta-owned financial institution. (The Logic)
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The investment in the Calgary-based company was led by Carpae Investments and Alpenglow Capital. ZayZoon also received a $13-million credit facility from ATB Financial, an Alberta-owned financial institution. (The Logic)
Talking point: The company allows workers to withdraw their earned wages before payday. It’s one of a growing number of startups targeting the opportunity, including Toronto-run HR platform Ceridian and SoftBank-backed 7shifts. ZayZoon has more than 3,000 businesses in the U.S. signed up to use its service, the company said. It plans to use the funding to develop new products to complement its current offerings.
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