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Propel

130 Southside Rd, St. John's, Newfoundland and Labrador, A1E 0A2, Canada

Overview

Propel Is An Atlantic Canadian Organization That Offers An Online Accelerator To Technology Startups. Everything our organization does is about founders and their journey. We believe every single journey is different and should be supported accordingly. Your Propel experience will be dedicated by what you need, it’s as simple as that. VISION & VALIDATION Vision & Validation is the first step of the Propel journey, focusing on validating the business idea with customers using the lean startup methodology to find problem-solution fit. Generally, this course is a great fit for companies who are making less than $1,000 in monthly revenue, or no revenue at all yet. TRACTION & GROWTH Traction & Growth is the second step of the Propel journey for founders who have validated their product and have over $1,000 in monthly recurring revenue and are working on their startups full time. Propel Alumni are armed with the skills they need to continue to grow and scale their technology companies. What are they really capable of? Well, let the data speak for itself.... Alumni have shortened their sales cycles by 78% while in our program. 73% of their revenue is generated outside of Canada. They have doubled their contract size. Yep, that’s doubled with a D. This traction speaks louder than fancy text and also makes us excited for the future they are shaping. https://www.propelict.com/apply#courses

Total investments
10
Lead investments
1
Investments · 12mo
1
Active investors
3

Sector focus

  • E-Commerce
  • Education
  • Financial Services
  • Health Care
  • Information Services
  • Information Technology
  • Medical
  • Non Profit
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Investment portfolio

  • Akua

    Participated · Seed · Oct 2025

    Akua develops cloud-based payment infrastructure that leverages more than twenty AI agents to automate and optimize high-volume transaction processing for financial institutions. After formally entering production in March 2025, the platform scaled to roughly 200,000 daily payments and delivered operational improvements of 60-80% for clients. The company expanded beyond its initial market into Colombia and Uruguay during 2025, supporting rapid regional adoption. Partnerships with major cloud providers, most notably a long-term strategic alliance with Amazon Web Services (alongside firms such as Sony), give Akua early access to upcoming technology roadmaps and help it maintain regulatory compliance. Team size grew from 20 to nearly 60 employees as product, technical, and operations groups were reinforced. Financially, Akua secured a US$13 million round in 2025 to bolster its infrastructure and scale operations. Management plans to use the fresh capital to continue geographic expansion and further standardize its AI-driven payments model across Latin America.

  • Motion Gestures

    Participated · Series A · Jun 2024

    Motion Gestures builds AI software for hand tracking and gesture recognition that runs on third-party cameras. The software supports any camera type (RGB, NIR, Depth), any resolution including ultra-low 32×32 pixels, and arbitrary camera positions. It tracks a 21-joint skeleton per hand, provides real-time positional coordinates, recognizes dynamic gestures at low frame rates (e.g., 20 fps), and enables custom gestures without conventional training-data collection. The solution is deployable on ordinary processors and scales the number of tracked hands with available computational resources. The company is engaged with more than 150 OEMs across dozens of industry verticals worldwide. Motion Gestures plans to use the new funds to expand operations and accelerate development; it has raised USD 2M in this Pre-A and USD 10M total including USD 4.5M in Canadian government grants. Motion Gestures develops a patent-pending machine learning platform that lets developers create gesture interfaces in minutes without coding or collecting training data. The software auto-generates training data, works across motion, touch, and vision sensors, and can be deployed to cloud, gateway/hub, and embedded platforms. Its gesture library includes letters, numbers, shapes, symbols, and rotations and supports advanced 2D and 3D gestures. The platform emphasizes ease of testing via smartphone feedback and offers a free developer license to the cloud SDK. The company aims to accelerate mainstream adoption of gesture control across wearables, automotive, consumer electronics, home automation, medical devices, VR, drones, and robotics. Motion Gestures was founded in 2016 in Waterloo, Canada. The company announced it closed seed financing to further development and begin international marketing.

  • Fintoc

    Led · Series A · Apr 2024

    Fintoc offers a B2B API that enables online businesses to accept instant accounts-to-accounts (A2A) payments directly from customers' bank accounts. A2A reduces intermediaries and transaction fees versus credit cards while providing a frictionless user flow where customers pick their bank and securely provide credentials. The product is used for frequent cases such as topping up public-transport cards, e-commerce purchases, bill payments and paying credit installments. In 2023, 1,807,000 people paid products, services and bills using Fintoc (about 13% of Chile's population), and Fintoc reports more than 1.2 million monthly users in Chile. The company faces local competitors like ETpay and Khipu but is expanding beyond Chile, having entered Mexico a year ago and planning to make Mexico its main market over the next two years. Fintoc is a Y Combinator alum, has a 48-person team (five based in Mexico), and plans to leverage closer access to payment rails to improve experience and eventually offer a viable alternative to debit and credit cards. Fintoc is a Chilean fintech founded in 2020 that offers a developer-facing platform to initiate bank transfers and pull transactional data from users' bank accounts. Its API is positioned to streamline bank onboarding, subscription flows and automated reconciliation between banks and applications. Co-founder Cristóbal Griffero says the service allows users to transfer their full financial history to lenders to improve credit evaluation and potentially lower interest rates in seconds, online and with automatic updates. The company was previously accelerated by Y Combinator. Fintoc has raised $3.1M in the announced round and plans to use the capital to strengthen its executive team and expand across Latin America. The startup aims to open offices in Mexico in September and is already closing initial contracts there.

  • Helius

    Participated · Series A · Feb 2024

    Helius provides a full-suite developer platform and vertically integrated stack designed to simplify building on Solana by removing low-level infrastructure burdens such as unreliable RPC nodes, complex data streaming, and on-chain indexing. The company offers tools and open-source SDKs spanning from validator plugins up through developer-facing libraries to enable rapid dApp development. Founded in 2022 by former Coinbase and AWS engineers, Helius focuses exclusively on Solana to optimize performance and reliability for developers. It says it already powers a majority of the Solana ecosystem and supports integrations and migrations, including work related to the Jupiter airdrop, Helium’s migration to Solana, and enterprise integrations like Shopify and Discord. Helius plans to use its recent funding to hire low-level systems and backend engineers and to deepen its technical stack. The stated mission is to eliminate infrastructure complexity so developers can concentrate on building user-facing applications.

  • Nomad

    Participated · Series B · Aug 2023

    Nomad operates a platform that offers Brazilians a digital U.S. account, FDIC coverage up to $250k, a U.S. card with reduced IOF, and access to more than 2,000 international investment options including U.S. stocks, ETFs, REITs and curated funds. The app also provides features like installment remittance (parcelamento de remessas) and has pioneered parceling in reais for expenses to be used abroad. The company says it has processed over R$1 billion in card transactions since early 2023 and more than R$5 billion in international transfers. Nomad plans to use new funding to expand its global investments platform, launch new products and enter the credit market with a Brazilian credit card. The fintech acquired Husky (an international transfers startup) late last year using Series A resources and intends to invest further in that area. Founded in 2019 in Brazil, Nomad positions itself as a Brazil‑focused product built to deliver a global financial journey for local customers. Nomad offers a 100% digital way for Brazilians to open a U.S. bank account and provides a suite of dollar-denominated services including a free international debit card, payments, transfers, remittances and access to global investments. The company also offers curated international investment portfolios powered by technology developed by scholars from MIT and Stanford, and plans to launch a trading platform soon. Nomad emphasizes cost savings for users—claiming roughly 10% savings versus typical Brazilian credit-card usage—and supports wallet integrations like Apple Pay. It has over 50,000 accounts opened and expects to reach 120,000 by the end of the year as travel reopens. The fintech was launched in November 2020 and currently has a team of 75 employees, planning to grow to about 150 by year-end. Recent capital will be used to expand operations, develop and launch new products, and hire across technology and business teams. Nomad offers Brazilian customers the ability to open a U.S. checking account remotely through its app, with Portuguese customer support and passport-based onboarding. Its core product set includes banking (checking account and debit card), currency exchange for remittances to the U.S., and an investments product that the company plans to launch soon. The startup is rolling out a physical debit card for purchases and ATM withdrawals in the U.S. and building functionality for payments between U.S. accounts. Nomad emphasizes cost savings versus Brazilian credit cards through lower FX spread and IOF, and enables dollar receipts for freelancers and online creators without typical fees. The company plans to expand account usability to countries beyond the United States and aims to reach 100,000 active customers in the next year. Founders include Patrick Sigrist, Marcos Nader and Eduardo Haber, whose prior exits and industry experience attracted investor interest.

Team

  • Charlotte Murray

    Entrepreneur in Residence

    LinkedIn
  • Richard Jones

    Entrepreneur in Residence

  • Erin Barrett

    Startup Coach

    LinkedIn