Part-Time
Digital banking for Canadian immigrants
No salary listed
Toronto, ON, Canada
In Person
My Beacon provides financial services tailored for immigrants in Canada through the My Beacon mobile app, acting as a centralized platform for banking and settlement needs. Its main offering is the Beacon Money account, a digital wallet that supports daily spending and lets users withdraw cash at any VISA-enabled ATM worldwide without Beacon fees. It also offers Beacon Remit, an RBI-approved platform for international money transfers, and Beacon Planning Lists to guide users through immigration and settlement steps. The company uses a direct-to-consumer model and forms strategic partnerships (for example with Wellconnect Services Inc.) to broaden its reach and integrate financial services into the broader newcomer support ecosystem. In short, My Beacon aims to simplify banking, remittance, and settlement for newcomers by providing convenient digital tools and a supportive network.
Company Size
11-50
Company Stage
Seed
Total Funding
$3.9M
Headquarters
Canada
Founded
2023
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Beacon, a new solution built to facilitate smooth transitions for immigrants relocating to Canada, has completed a CAD $5.25 million seed round and of
Toronto and Montréal-based FinTech startup Beacon has emerged from stealth, announced $5.25 million CAD in previously undisclosed seed funding, and launched the first iteration of its planned 'super app' for Canadian immigrants.