Canadian FinTech Hardbacon secures $1.1m to scale up its personal finance software

Montreal-based AI and FinTech startup Hardbacon raised $1.1m in funding through equity crowdfunding platform FrontFundr.

Having raised the investment from over 800 investors, the company reached 233% of its $500,000 fundraising goal.

This new funding round brings its total funding to date to approximately $2.2m.

Aiming to accelerate its growth further, Hardbacon will use the funds to improve its personal finance application by developing a web version of its mobile application.

The investment will also be used to improve its comparison tools for financial products, such as credit cards and online brokers. In addition, the financing will help the company create several positions in marketing and software development

Hardbacon’s mobile app allows users to better plan, budget and monitor their investments and make better financial decisions by linking to its users’ accounts.

The FinTech firm recently revealed its plans to go public in 2021.

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