Notch Financial is a technology company.
Notch Financial has raised $11.0M across 1 funding round.
Notch Financial has raised $11.0M in total across 1 funding round.
Notch Financial has raised $11.0M in total across 1 funding round.
Notch Financial's investors include Active Capital, Alt Capital, ATX Venture Partners, Broadway Angels, Canaan Partners, Comal Ventures, Evening Fund, FirstMark Capital, Golden Ventures, Indicator Ventures, Lux Capital, MATH Venture Partners.
Notch Financial is a Toronto-based fintech company that builds a platform automating accounts payable (AP) and accounts receivable (AR) processes for the foodservice industry, enabling restaurants and distributors to manage invoices, orders, and payments efficiently.[1][2][4] It serves North American foodservice businesses, primarily in Canada and the US, solving manual payment bottlenecks by digitizing workflows to accelerate cash flow, reduce errors, and streamline operations.[1][4] With $12.6M in total funding from a 2023 seed/Series A round led by Accomplice and Golden Ventures, Notch demonstrates strong growth momentum, employing 76 people and generating $13.5M in revenue while expanding its B2B payments platform.[1][4]
Founded in Toronto, Notch emerged to modernize outdated B2B payments in foodservice, a sector plagued by paper-based invoicing and slow collections.[1][4] The company launched its platform as an AR automation tool, evolving into a comprehensive foodservice operations app handling orders, invoices, and payments.[2][4] A pivotal moment came in March 2023 when Notch raised $10M USD ($12.7M CAD) in seed and Series A funding co-led by Accomplice and Golden Ventures, fueling product development and North American market expansion from its Spadina Avenue headquarters.[1] This funding capitalized on Toronto's tech-finance talent pool and proximity to foodservice clients, marking early traction in a fragmented industry.[1]
Notch rides the fintech wave digitizing B2B payments, particularly in foodservice—a $1T+ global market slowed by legacy processes amid rising e-commerce and supply chain pressures.[1] Timing aligns with post-pandemic recovery, where restaurants and distributors seek efficiency amid labor shortages and inflation, favoring vertical SaaS like Notch over horizontal tools.[1][3] Market forces include demand for cash flow optimization and Toronto's vibrant startup ecosystem, enabling Notch to influence foodservice by setting standards for integrated ops platforms and attracting talent/investors.[1] It contributes to the ecosystem by modernizing a traditionally analog industry, potentially inspiring similar vertical plays in hospitality.
Notch is poised for accelerated US expansion and product enhancements, leveraging its funding to capture more foodservice market share amid AI-driven automation trends.[1][4] Rising adoption of embedded finance and real-time payments will shape its path, with potential for partnerships or acquisitions boosting scale. Its influence may evolve from niche innovator to category leader, empowering foodservice players with seamless financial ops and redefining B2B efficiency in a digital-first economy—echoing its core mission to save time and unlock cash flow.[1][2]
Notch Financial has raised $11.0M across 1 funding round. Most recently, it raised $11.0M Seed in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2022 | $11.0M Seed | Active Capital, Alt Capital, ATX Venture Partners, Broadway Angels, Canaan Partners, Comal Ventures, Evening Fund, FirstMark Capital, Golden Ventures, Indicator Ventures, Lux Capital, MATH Venture Partners, Next Coast Ventures, Picus Capital, Portage Ventures, Precursor Ventures, Redhawk VC, Red Swan Ventures, Ulu Ventures, Brian Sugar, Rajiv Bala |