Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
Dream Payments’ executive team Long Van, left, Chad Whitaker, Christian Ali, Brent Ho-Young and Jordan Cohen. (Handout)
Dream Payments’ executive team Long Van, left, Chad Whitaker, Christian Ali, Brent Ho-Young and Jordan Cohen. (Handout)

Dream Payments secures funding from Fairfax, key partnership with Chase Add to ...

Subscribers Only

Toronto fintech startup Dream Payments Corp. has landed a key financing from Fairfax Financial Holdings Ltd. and will roll out a landmark partnership with banking giant JPMorgan Chase this month as it positions itself to be a friend, rather than a foe, of the industry’s established giants.

Fairfax’s venture-capital arm, FairVentures, is kicking in half of a $10-million Series-A financing by Dream, one of a handful of investments the insurance conglomerate has made since it began formally backing startups a year ago. Other investors include past backer Real Ventures and the Connecticut state government’s innovation-funding arm, which awarded Dream with an $1.5-million (U.S.) equity investment for winning a state pitch competition last year to finance its expansion into the United States. Garibaldi Capital acted as Dream’s advisor on the financing.

Report Typo/Error

Follow on Twitter: @SeanSilcoff

Also on The Globe and Mail

At age 22 and 23, these sisters have both founded their own startups (The Globe and Mail)

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular