Transaction|December 15, 2023
Woveo closes C$2.3 million financing to expand community wallet platform
Torys acted as counsel to Woveo with a team that included Konata Lake, Tyler Cassack and Kassandra Desmarais (corporate/financing).
On December 15, 2023, Woveo announced that it raised C$2.3 million in seed financing to expand the reach of its community wallet platform.
The round was led by BKR Capital, and saw participation from Relay Ventures and Northpine Foundation, among others. Combined with a previous C$1.5-million pre-seed financing round, which closed in 2022, Woveo has raised C$3.8 million to date.
Further information can be found on Betakit’s website.
Woveo is a FinTech startup, now based in Calgary, that developed a digital community wallet designed to help groups of people improve their financial well-being through group rotating savings, credit building and short-term credit access.