Aya launches from stealth after closing seed round

Aya, which builds payment solutions, has reportedly launched out of stealth after the close of a $2.9m seed investment.

MaRS Investment Accelerator Fund and Luge Capital led the round, with Anthemis Group, BDC Capital and StandUp Ventures, also contributing, according to a report from Beta Kit.

A number of unnamed angel backers also contributed.

This equity injection will be used to support Aya’s acquisition efforts, product development, and US expansion.

Based in Canada, the FinTech platform offers employees a payment and benefits service. Users gain access to a Mastercard which can be used to pay for medical expenses, so they do not have to pay out of their ownnpocket.

Aya CEO and founder Chanddeep Madaan told BetaKit, “We’ve been building and working on the product for the last two years, and the product is ready, it’s in great shape.

“For us, it’s about how we scale this product and bring sales and marketing and customer support.”

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