Transverse Ventures

Moving is hard. At My Beacon, we understand that setting up financial services is one of the biggest challenges moving to a new country. Until now, the only way to do this in Canada has been in branch, post arrival, while you are busy with 10,000 other things setting up your new life. Beacon is thrilled to unveil our flagship product Beacon Money, the first purpose-built digital wallet for immigrants to Canada. Immigrants to Canada from around the world can open, fund and use Beacon Money prior to their arrival, then is ideal for daily payment and spending needs once they are living in Canada. Beacon Money’s waitlist is open today and launching publicly in January 2025. This would not have been possible without our incredible partners at Digital Commerce Group and Visa. Your expertise has been instrumental in bringing this vision to life. Thank you for supporting our mission to empower immigrants! To our amazing team at Beacon— we have worked so hard to make this happen and let’s be proud of this terrific milestone! This is a big step forward in Beacon’s mission to reinvent financial services for newcomers. Learn more by reading our announcement and Fintech.ca article both of which are in the comments. Thank you to our terrific teams at Digital Commerce Group Jeff Smith, Pamela Draper and Cole Jones and to the fantastic team at Visa Chris Ferron and Chris Boyce.

READ: Transverse Ventures' Matthew Jones returns to Carrier Management with his VC Viewpoint column. In this edition, a recap of the last two years in insurance venture capital as we find ourselves at the end of a very interesting 2024.

Our CEO, Paul Jewell took part in an exclusive interview with Christopher Munro, editor of Program Manager and The Insurer, where he talked about a year of growth, and ambitious plans for the future! In this interview, Paul discusses our incredible journey over the past year, including: ?- Securing nine programs with a tenth on the way ?- Reaffirming our A- financial strength rating from AM Best ?- Achieving ￡300mn of contracted premium ?- Garnering strong support from both reinsurers and MGAs Click through to read some of the interview highlights: https://lnkd.in/eKJivQgc #InsuranceInnovation #MGA #Reinsurance? https://www.bhvn-ins.com/

READ: Matthew Jones discusses how new ideas are changing every step of the insurance value chain, from customers through brokers to carriers, in this Q&A with Michael Fitzpatrick at Leader's Edge Magazine.: https://lnkd.in/d_paDxHf

WATCH: Matthew Jones discusses the insurtech landscape with AM Best at InsureTech Connect 2024. #ITCVegas

Join us at InsureTech Connect’s VC Office Hours today, 3-4:30pm - Table 22 at the round banquet tables in the ITC Vegas Expo Hall, near the Founders House and the Innovation Demo Stage… in association with our friends at Munich Re Ventures. #ITCVegas

The Transverse Ventures and MS Transverse Insurance Group teams will be out in force at InsureTech Connect 2024. Reach out to Matthew Jones, David Z., Robert Mozeika, Tony Laruffa, MBA or John Williams to say hello! #ITCVegas

Check out our latest startup story with our new Ontario Soft Landing Program partner My Beacon! Learn about their journey starting their business, and their advice to entrepreneurs looking to make their big move to Canada. Access a suite of resources fully equipped to tackle the nuances of expanding and establishing your startup in a new ecosystem through their app here https://lnkd.in/e-uegQBm. Together, TBDC and Beacon are making sure you’re not just ready but fully geared up for the Canadian market. Learn more about Beacon and the MyBeacon Super App here: https://mybeacon.ca/ #StartupLife #CanadaBound #Innovation

Moving is hard! At My Beacon we are building innovative products to make that journey easier. Today we are thrilled to announce our first financial product which is something that has never been done before. When moving countries for work or studies, moving your money with you can be one of the hardest parts of the journey. This is especially true when moving from India since money transfers out of India are subject to currency controls, are complicated, expensive and can take days or weeks. Enter Beacon Remit: the first ever single app to get money out of India for work or studies. We make moving your money out of India a breeze! And we are bringing it to Canada as our first market. This will be a game changer for the hundreds of thousands of Indians who choose to call Canada home every year for work or school. We look forward to supporting our users on their journey to Canada! PS there will be more to come soon from My Beacon! cc: Aditya Mhatre

I am thrilled to be going to the 2024 Canadian Employee Relocation Council conference in my hometown of Montreal Sept 9-10 and am excited that my company My Beacon is a gold sponsor and exhibitor. I look forward to meeting there and talking about how Beacon is the missing piece of global mobility with purpose-built financial services for newcomers to Canada! Please shoot me a DM if you are attending and I would love to meet. I will be joined by Suzanne Van Beek and my amazing co-founder Aditya Mhatre.