Briefing

Toronto fintech Senso raises US$3 million to further growth into U.S. market

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Boston-based Mendoza Ventures led the round along with San Francisco-based Breakaway Growth. Several Canadian investors, including Inovia Capital and the Business Development Bank of Canada, also participated. (The Logic)

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Talking point: Senso helps financial institutions manage their retail portfolios, with a particular focus on the U.S. market. The company is looking to more than double its team of 25 over the next year and a half, with its sales team growing in the U.S. while research and development remains at its Toronto and Kitchener-Waterloo offices. Senso is the latest in a string of Canadian fintechs that are looking south in a bid to expand. Earlier this week, Nest Wealth raised up to $50 million, which it plans to use for a US expansion. In January, The Logic reported that d1g1t was looking to the U.S. after passing $50 billion in assets.