Dream Payments, the Canada-based developer of a mobile payments platform, has completed a $10m series A round led by FairVentures, the strategic investment vehicle for financial services firm Fairfax Financial Holdings.
FairVentures was joined by Connecticut Innovations (CI), which invests on behalf of the US state of Connecticut, seed-stage venture capital fund Real Ventures and unnamed angel investors. CI supplied $1.5m in December 2016 as part of the round.
Founded in 2014, Dream has built a cloud-based mobile point-of-sale and payment services platform that allows businesses to accept payment from anywhere through mobile devices.
The series A funds will support an expansion into the US as the company looks to maintain its domestic growth and further develop its app ecosystem.
Brent Ho-Young, CEO of Dream Payments, said: “Dream’s explosive growth is proof that emerging fintechs and leading incumbent financial services providers can partner and collaborate to deliver innovative mobile payment solutions that meet the demands of businesses of all sizes.”
Dream Payments had previously raised $6m in funding from investors including Real Ventures, Blue Sky Capital and Rouge River Capital in early 2015.
– Image courtesy of Dream Payments