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Fintech startup Tiptap opts for equity crowdfunding as venture capital chills

Touchless payments firm Tiptap Pay wants to build 50,000 more of its point-of-sale units, and it’s turning to crowdfunding to do it. 

The Burlington, Ont.-based company is seeking to raise a $2-million Series A round from angel and retail investors through FrontFundr, a Canadian equity crowdfunding site. While it’s not the first time it’s raised capital on FrontFundr (the company used the platform in 2020), Tiptap said it went with this niche method again after struggling with traditional fundraising methods in today’s challenging market.

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