Inovia Capital, Intact Ventures, Global Founders Capital, Box Group, Ludlow and Thomvest also participated in the round, which Pine called both a seed and Series A. The Toronto-based company soft-launched its mortgage platform in January. (The Logic)

Talking point: The company said in a press release that it offers mortgage customers lower rates and more efficient service. It’s the latest fintech to target the Canadian real estate market, including several focused on financing solutions for home buyers, such as Nesto and Requity. Neo Financial, which recently raised a Series C at a valuation of more than $1 billion, also recently launched a mortgage product. The fundraising round comes as the Canadian housing market has started to moderate as interest rates rise, after prices surged in recent years. “Canadians are desperate for a solution that doesn’t have them relying on one of the big banks,” CEO and co-founder Justin Herlick said in a release.