Vancouver fintech snags $84 million in funding

Just when it was sounding pretty quiet on the local venture capital front, local financial technology startup Progressa obtained an eyebrow-raising $84 million in debt and equity. Progressa, which plans to use the money to expand its loan funding program aimed at subprime consumers, also announced its intention to go public, probably in 2019. Founded in 2013, the company has 100 employees spread over offices in Vancouver and Toronto.