Opal, a Vancouver, BC, Canada-based supplier of a SaaS platform designed to automate back-office operations for businesses, raised $1.5M in Pre-Seed funding.
The spherical was led by Founders Co-op with help from Exit North Ventures.
The corporate intends to make use of the funds to speed up the event of “Opal Spend,” an ad-spend platform constructed to attach ad-spend with accounting, invoicing, and contract administration.
Opal Spend eliminates the tradeoff businesses face between incomes cashback and managing credit score threat by drawing funds straight from shopper accounts as a substitute of extending credit score. This permits businesses to profit from cashback with out monetary publicity whereas additionally lowering general monetary threat. Moreover, the system robotically updates digital card info throughout main promoting platforms, together with Meta, Google, Apple, Amazon, and lots of extra.
Based by Alex Steele, Opal is a monetary working system constructed for businesses, streamlining back-office operations with built-in contract administration, invoicing, funds, and cash-flow automation.
FinSMEs
25/02/2025
