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ZayZoon raises $12.5m in new funding

Calgary based earned wage access startup raised $12.5m in growth funding led by Carpe Diem Investments and Alpenglow Capital.

“Saving every penny I made, at the age of 16, I provided mortgage financing to a family friend in return for interest payments,” Hackert told TechCrunch in an email interview. “The same patterns emerged — people with relatively [good] incomes that needed a small amount of capital for a small amount of time just to get by … I sought out to create a product that could help employees in their most vulnerable moments, while staying socially responsible and true to a mission of improving their overall financial health.”

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lending