Toronto-based fintech Super.com has secured a US$65 million financing round led by U.S. asset manager TPG Inc., valuing the company at US$1.2 billion.
The investment, announced Tuesday, marks a significant milestone for the "super app" provider, which CEO Dave McKay says is nearing 1 million subscribers.
8 billion in the second quarter, a dramatic acceleration from the US$32.
The round signals strong institutional confidence in the platform's growth trajectory within the competitive U.S. consumer market.
The valuation jump reflects broader tailwinds in the tech and fintech sectors.
Global initial public offering activity reached a record US$144.8 billion in the second quarter, a dramatic acceleration from the US$32.1 billion recorded in the same period last year.
This surge in capital markets activity suggests a favorable environment for high-growth private companies preparing for eventual public listings or further private market expansion.