Hero Innovation Group
Mobile banking and financial literacy platform for youth.
| Date | Investors | Amount | Round |
|---|---|---|---|
$4.0m | Early VC | ||
| Total Funding | 000k | ||
| CAD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (100 %) | 34826 % | 729 % | 66 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (2068 %) | (5240292 %) | (16870 %) | (3286 %) | (1485 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (2030 %) | (5257679 %) | (16566 %) | (3354 %) | (1864 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 760 % | 1448337 % | 2099 % | 1284 % | 459 % |
Source: Company filings or news article
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Hero Innovation Group Inc. is a Canadian financial technology company headquartered in Vancouver that develops mobile application platforms. The company, formerly known as Euro Asia Pay Holdings Inc., was incorporated in 2017 and went public via an IPO on the Canadian Securities Exchange on February 25, 2021.
The firm delivers financial solutions aimed at the next generation of consumers, focusing on safety and financial literacy. Its target market includes parents, kids, teens, and young adults in Canada. The company's business model is centered on providing alternative-to-banking solutions through its proprietary technology platform, which features a digital wallet, data management, and security controls. These services are delivered through its flagship products, Hero Financials and the SideKick Card.
Hero Financials is a comprehensive banking alternative that includes tools for personal financial management, budgeting, and saving. SideKick is a prepaid Mastercard designed for international students in Canada, allowing parents to send, monitor, and control funds for their children. This product was introduced in 2018 to address the specific needs of this demographic. The company has undergone several leadership changes, with Tai Jiang appointed CEO and Kuen Lau as CFO in December 2024.
Keywords: fintech, financial literacy, youth banking, digital wallet, prepaid card, mobile banking, financial solutions, parental controls, budgeting tools, Canadian fintech, alternative banking, student finance, personal finance management, GenZ finance, mobile payments