Dream Payments, a Toronto, ON-based fintech company, raised $10m in Series A financing.
The round was led by FairVentures, the innovation investing arm of Fairfax Financial Holdings Limited, with participation from Connecticut Innovations (CI), Real Ventures and a group of angel investors.
The company intends to use the funds to expand its payments cloud into the U.S., accelerate its third party app ecosystem and continue to grow in Canada.
Led by Brent Ho-Young, Chief Executive Officer, Dream Payments operates The Dream Payments Cloud that powers commerce and payments across mobile devices and the Internet of Things (IoT). The solution is used by businesses of all sizes across Canada to access cloud-based mobile point of sale (MPOS) and payment services, enabling them to sell everywhere and accept all payments using mobile devices.
Beyond payment processing, the company recently expanded its payment cloud and application ecosystem to include a deep integration with Intuit QuickBooks, enabling business owners to accept payments, instantly reconcile sales transactions and access business insights at any time or place from any device through the cloud.
Partners also include financial services providers, including TD Merchant Solutions, and TruShield Insurance.
Dream also has operations in Stamford, Connecticut.