Luge Capital

Luge Capital in its US$2.9 million financing to Aya Payments

Client

Luge Capital

Value

US$2.9 million

Service

Emerging and High Growth Companies

Date Closed

November 2020

Industry

Banking and Financial Services

Lead Office

Toronto

 

On November 21, 2020, Aya Payments completed its US$2.9 million financing led by Luge Capital, MaRS IAF, Anthemis, BDC Capital, StandUp Ventures and private investors. Aya Payments builds payment tools and programs for employee benefits packages. The investment will provide easier solutions that will allow employees to access their health benefits easier and more self-serving to the their needs, and will also improve Aya’s expansion into the U.S. market.

Luge Capital is a FinTech-focused venture capital fund focused on investing in early-stage teams shaping the way the world experiences financial services.

Aya is a healthcare payments focused company working towards a mission to build customer focused products that make lives easier for all.

Osler, Hoskin & Harcourt LLP advised Luge Capital with a team consisting of Chad Bayne, Gary Marshall and Theresa Donkor (Emerging and High Growth Companies).