On October 22, 2024, Ned announced it secured $4.2 million of Seed financing in a round led by Impression Ventures. This round also saw participation from Capital Eleven. This financing is a critical point in the financial services sector as lenders are aiming to scale loan books and qualify business based predominately on revenue. Ned plans to utilize the financing towards its technology advancement.
Impression Ventures is a Toronto-based venture capital firm that invests in the fintech and financial services industries.
Ned operates as an end-to-end cash flow lending platform.
Osler, Hoskin & Harcourt LLP advised Impression Ventures with a team consisting of Gary Marshall and Alexander Green (Emerging and High Growth Companies).
Key Contact
Partner, Emerging and High Growth Companies, Toronto
Team
Associate, Emerging and High Growth Companies, Toronto
