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Impak uses crowdfunding to join premier banks Add to ...

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Impak Finance Inc. aspires to join Canada’s domestic banks alongside Royal Bank of Canada, Toronto-Dominion Bank and other heavyweights – but it is taking an unusual approach to getting there.

The Montreal-based company turned to crowdfunding for its financial backing this week, receiving pledges totalling $425,000 in just 24 hours through FrontFundr.

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