HelloSafe raises $4.2M to accelerate deploying its financial comparison solutions in Canada

  • Launched in 2021, HelloSafe creates insurance, investment, savings and credit product comparison tools to help Canadian consumers get more for their money.
  • 5 million users already use HelloSafe’s comparison tools thanks to its proprietary technology, expert content, network of over 50 partners and optimized user experience.
  • This funding will enable the fintech startup to recruit new employees, further develop its comparison solutions and develop more products in Canada.

Montreal, QC (Sept. 20, 2022) – HelloSafe, a fintech company that develops insurance, investment, savings and credit product comparison solutions for individuals and businesses, is pleased to announce $4.2M in seed funding led by OneRagtime and Kima Ventures. With this round, HelloSafe will strengthen its teams, further improve the user experience on its platforms and expand into new product categories in Canada.

HelloSafe, a comparison experience already chosen by 5 million users

Only launched in 2021, HelloSafe is already positioning itself as a financial product comparison leader. With now more than one million monthly visitors in Canada, the company brings transparency to the market and simplifies comparing a range of financial products, including insurance, cryptocurrency platforms, money transfer services, credit, investment solutions and banking offers. HelloSafe now offers more than 100 comparison tools.

Developed in-house over months, HelloSafe’s unique and powerful proprietary technology provides users with thousands of pages of expert content, financial simulators and free and anonymous comparison tools. HelloSafe selects the best providers at the lowest prices with the best options and customer experience. In early 2022 the company passed the one million user mark in Canada. It is posed to conquer an even larger audience in the country.

“Despite the big differences between financial products, we see a lot of similarities in the need of our users in Canada for information and a better way to compare products and services. This success validates the scalability of our technology and our vision,” explains Pauline Laurore, CMO & co-founder of HelloSafe.

A round of financing to accelerate the platform’s deployment in Canada’s English-speaking provinces

With this funding, HelloSafe plans to expand its 50-person team. It will add an additional 40 hires to enforce its technical, marketing and sales departments by the end of 2023. This will allow it to accelerate deploying its platform in English-speaking provinces

“With an audience of several million visitors each year, this round of financing supports our goal to become Canada’s number one platform for comparing insurance and financial products. With our unique technology and network of partners, we want to quickly establish ourselves as the go-to platform for consumers who want to get the most out of their money”, said Oleksiy Lysogub, CTO & co-founder of HelloSafe.

“HelloSafe has an innovative and transparent value proposition. With its proprietary technology, the startup succeeds in producing high-value comparison tools, while limiting its development costs. Its founders’ industry experience and long-term vision make HelloSafe a solid project, promising a rapid and controlled development. Finally, the HelloSafe coach, powered by AI algorithms, will revolutionize advising financial product consumers”, adds Stéphanie Hospital, CEO and founder of OneRagtime.

About HelloSafe

HelloSafe is a leading platform for comparing financial products (insurance, credit, investments) in Canada. Powered by its unique and powerful technology, HelloSafe provides users with dozens of free and anonymous comparison tools, calculators and expert, up-to-date content. Its platform empowers users to make the best decisions for their wallets and find the right products at the right prices for them. For more information, please visit hellosafe.ca.

About OneRagtime

OneRagtime is a new generation investment platform founded by Stéphanie Hospital and Jean-Marie Messier and sponsored by experienced digital and investment personalities including Philippe Bourguignon, Patrick Sayer and Philippe Carle. It selects Europe’s most innovative technology start-ups, finances them and supports them through its exclusive community of investors. Through its fund or a vehicle created specifically for each investment, its unique platform model allows investors to invest in the most-promising French and European technology startups.

SOURCE: HelloSafe

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