Progressa secures Series B financing

Progressa, a Vancouver based financial technology company, has raised additional funding in Series B financing.

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Progressa is focused on helping sub-prime and near-prime Canadians seeking to improve their financial health. “At Progressa, we help Canadians improve their financial future by providing a second chance at credit. We read between the lines to see your potential, and help build your loan and financial future to help you succeed. This means consolidating your outstanding debt, resolving overdue bills and getting you back on track financially. With the right loan from Progressa, you can rebuild your life, your way.”

In December 2015, Progressa announced the closing of $11.4 million Series A equity and debt financing round led by Cypress Hills Partners and family office Conconi Growth Partners.

photo credit: Progressa

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.