Hardbacon raised $250,000 in 24 hours after being turned down on Dragons’ Den
December 09, 2020 at 15:20 PM EST
This is quite a turn for the Montreal based company that, on November 12, was declined for an investment by the Dragons on a segment of the Dragons’ Den broadcast on CBC.
(PRUnderground) December 9th, 2020
Canadian fintech Hardbacon has raised more than $250,000 in 24 hours on the FrontFundr equity crowdfunding platform. This is quite a turn for the Montreal based company that, on November 12, was declined for an investment by the Dragons on a segment of the Dragons’ Den broadcast on CBC.
“This is all the more significant, since last month Canadians saw the Dragons criticize us for doing equity crowdfunding,” said Julien Brault, CEO of Hardbacon. The fact that so many investors have responded proves that Canadians have seen how the Dragons like to play; they don’t welcome the rise of equity crowdfunding, as it competes with venture capital investors like themselves.”
Equity crowdfunding, which has been legal in Canada since 2016, enables retail investors to participate in the financing of private enterprises, an area previously reserved for accredited investors that were either individuals with a high net worth or institutions.
Hardbacon, the company behind the personal finance app of the same name, aims to raise a minimum of $500,000 through its round on FrontFundr. Interested investors can invest for as little as $500 in the fintech’s current round.
Interested investors can invest at this address: https://www.frontfundr.com/hardbacon
Bacon Financial Technologies, better known by its brand name Hardbacon, is dedicated to helping Canadians make better financial decisions, get wealthier and achieve their financial goals. The company, which has secured $1.1 million in funding, markets a mobile app that links to its users’ accounts and helps them plan, budget and invest. Hardbacon also enables its users to compare different financial services such as credit cards, bank accounts, online brokers and robo-advisers. The company also markets its technology to financial institutions to help them accelerate their digital transformation.
Julien Brault, Hardbacon’s CEO: 514-250-3255
Disclaimer: The news site hosting this press release is not associated with HardBacon, FrontFundr, or Dragons’ Den”. It is merely publishing a paid press release announcement submitted by a company, without any stated or implied endorsement of the person, product, service or information above. Please consult a registered investment advisor or CFP before making any investment. This is not a solicitation.
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