Social Investment Startup Impak Finance Closes on $1.1 Million Investment

Impak Finance, a fintech platform that promotes investing with social impact, has closed on a $1.1 million investment from Montreal fund Anges Quebec Capital, among others from Canada and France.

After receiving its new funding, the company also announced that the following people have now joined the board of directors: Claude Chagnon from the Fondation Chagnon, Didier Kuhn from ride sharing app BlablaCar, former National Bank of Canada executive Michel Lozeau, and former Quebec cabinet minister Daniel Paillé.

“The support we are getting from well known entrepreneurs and investors is a demonstration of the enthusiasm behind our project: to channel capital towards enterprises that take to heart the welfare of people and the environment,” said Paul Allard, co-founder and CEO of impak Finance.

“Business as a force for good, an alternative to the traditional way of doing business, has increasingly been gaining ground worldwide. Impak allows people to use their money for social and environmental good.”

(Photo credit: rawpixel / Pixabay)

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