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Layer2 Financial raised $10.7 million in a Series A funding round led by Galaxy Ventures to drive market expansion, product development, and future talent acquisition.

Aug 09, 202411 months ago

Amount Raised

$10.7 Million

TorontoFinancial Services

Investors

AccompliceGalaxy Ventures

Description

Layer2 Financial, a Canadian payments infrastructure start-up, has secured $10.7 million in a Series A funding round led by Galaxy Ventures, with additional participation from Accomplice. The company aims to leverage these funds for market expansion, product development, and hiring talent.

Company Information

Company

Layer2 Financial Holdings

Location

Toronto, Ontario, Canada

About

Layer2 is a next generation Payments Infrastructure. Our multi-partner platform is designed to provide payment processors, fintechs and neobanks with fully compliant Collections, PayOuts, FX, Cross Border payment services. With just one API, you can access all of these services seamlessly and easily.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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