Beacon is a fintech business based in Ontario, Canada, focused on providing banking services to international newcomers to Canada.

Currently, immigrants face the challenge of being unable to open a bank account prior to their arrival in Canada, while the existing Canadian banking system primarily caters to branch banking for Canadian citizens.

Beacon will be the first mover in offering a true immigrant-first experience that allows newcomers to open a bank account prior to their arrival in Canada, significantly reducing the stress associated with moving to a new country.

The Company is capitalizing on the rise rates of immigration in Canada and providing a key service for this growing, underserved, and highly profitable client base. The company utilizes a B2B distribution model across multiple channels through university and corporate partnerships to reach immigrants before they relocate.