My Beacon’s cover photo
My Beacon

My Beacon

Financial Services

Toronto, ON 1,584 followers

A Purpose-Built App for Canadian Immigrants

About us

Welcome to Beacon, a new solution built to facilitate smooth transitions for immigrants relocating to Canada. Founded on the principle that immigration should be a journey of excitement, not uncertainty, Beacon leverages cutting-edge technology to provide comprehensive support for immigrants. Our Super App simplifies the financial and informational hurdles that newcomers face, offering everything from banking solutions to essential resources, all designed to ease the transition into Canadian life. Beacon is a super app purpose-built for immigrants to Canada. Access essential financial tools tailored for immigrants, all in a single platform. Beacon Money gives immigrants from around the world the ability to open, fund and use this wallet for everyday spending needs. Beacon India Bill Pay is the only way to directly pay Indian bills using Canadian dollars. Stay on top of your responsibilities back home with the only Indian bill payment app for Canadian residents. No more multiple logins or maintaining NRI accounts just to pay bills back home. Beacon Remit is the cheapest way to send money from India to Canada. Use Beacon to transfer money digitally at market-leading rates. 100% digital platform – no bank visits needed! Follow us on LinkedIn to stay updated on new product launches, customer stories, and how to join the Beacon team as we build a bright future for immigrants together.

Website
www.mybeacon.ca
Industry
Financial Services
Company size
11-50 employees
Headquarters
Toronto, ON
Type
Privately Held
Founded
2023

Locations

Employees at My Beacon

Updates

  • My Beacon reposted this

    View profile for Aditya Mhatre

    Co-founder and CPTO at Beacon | Built PayPay, Japan's largest mobile payment company | Former VP of Product at Paytm

    🚀 Big News! 🚀 I'm thrilled to announce a distribution partnership with Paytm that makes My Beacon’s India Bill Payment service available directly to Paytm App users in Canada! 🎉 This means that Paytm users in Canada can now look up their Indian bills and pay them using Canadian dollars right within the Paytm app—a seamless, easy experience. Try it out on Paytm and let us know what you think! At Beacon, we aim to simplify financial connections between countries while making our services accessible to users wherever they are. This partnership is another step forward in that journey. Thank you to Vijay Shekhar Sharma and Harinder Takhar for their support in making this happen! 🙌 This announcement comes on the heels of Beacon launching the first-ever Indian Bill Payment service using a foreign currency (CAD)—a significant step towards making cross-border payments smoother for the Indian diaspora. In case you're thinking, we're working on bringing a similar convenience to other countries. Any guesses or requests for which country is next? 🙂 #Beacon #Paytm #IndiaPayments #Fintech #CrossBorderPayments #CanadaToIndia #Immigration #ImmigrationTech

  • The response to Beacon India Bill Pay has been nothing short of incredible! 🎉 Since launch, we’ve been overwhelmed by the positive feedback from our community and the support from the media. Just this month, India Bill Pay has been featured in over 50 media outlets, including CNBCTV, the Economic Times and Business Standard, highlighting how we are making cross-border bill payments seamless for the Indian diaspora. A huge thank you to our customers, partners, and supporters who believe in our mission to simplify financial services for newcomers. This is just the beginning—stay tuned for more! 🚀 #IndiaBillPay #FintechForNewcomers #GlobalPayments #FinancialInclusion

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  • In our third spotlight on immigrant stories, we hear about the challenges of navigating a new financial system. Beacon's free Learning Resources and Planning Lists are available through our app, saving hours of time for anyone planning a move to Canada. If you have a helpful tip to share, comment below!

  • We asked Aman Rishu about his experience coming to Canada as an international student. What kind of financial constraints was he dealing with, even before he left his home country? What would have made the immigration journey easier? His answers highlight the gaps, the struggles, and the opportunities to create a better experience for newcomers. Follow along as we share their stories and reveal how Beacon is bridging critical gaps in the immigrant journey. 🇨🇦 #NewcomerStories #MovingToCanada #InternationalStudents

  • We asked immigrants to Canada: What would have made your immigration journey easier? Their answers highlight the gaps, the struggles, and the opportunities to create a better experience for newcomers. Follow along as we share their stories and reveal how Beacon is bridging critical gaps in the immigrant journey. 🇨🇦 What would have made your move to Canada more seamless? Please comment with your ideas below.  #NewToCanada #ImmigrantStories #MovingToCanada #Fintech

  • My Beacon reposted this

    💡 Did you know that many immigrants don’t just send money home—they also help manage financial responsibilities for family abroad? For decades, the process has been clunky: 🔄 Sending cash to family and friends via remittance platforms 🔄 Relying on family members to handle the actual payments 🔄 Hoping everything goes smoothly But what if you could pay bills directly for loved ones back home? No middle steps. No delays. No extra coordination. That’s exactly why we built Beacon India Bill Pay—so you can take care of essential expenses for family in India, seamlessly from Canada. 📢 Hear it from a Canadian Permanent Resident who calls it a game changer ⬇️

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  • 💡 Did you know that many immigrants don’t just send money home—they also help manage financial responsibilities for family abroad? For decades, the process has been clunky: 🔄 Sending cash to family and friends via remittance platforms 🔄 Relying on family members to handle the actual payments 🔄 Hoping everything goes smoothly But what if you could pay bills directly for loved ones back home? No middle steps. No delays. No extra coordination. That’s exactly why we built Beacon India Bill Pay—so you can take care of essential expenses for family in India, seamlessly from Canada. 📢 Hear it from a Canadian Permanent Resident who calls it a game changer ⬇️

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  • We’re thrilled to announce the general availability of Beacon Money and the launch of a groundbreaking new product purpose-built for the Indian diaspora in Canada. For the first time in Canada, directly pay Indian bills in Canadian dollars. The first of its kind, Beacon’s India Bill Pay is a pioneering cross-border bill payment solution launched in collaboration with Bharat Connect (BBPS) and YES BANK in India. As a special launch offer, sign up for India Bill Pay and earn up to $25 cashback. Plus, refer a friend and receive an additional $20 cashback. (Terms and conditions apply. Please visit mybeacon.ca for details). 💡 Introducing Beacon India Bill Pay Say goodbye to: ❌ Asking family members for help ❌ Maintaining an NRI account just for bills ❌ Complicated fund transfers With Beacon, you can: ✅ Pay Indian bills in INR—utility bills, family expenses, and more—directly from your account ✅ Skip the hassle—just a few clicks, no intermediaries ✅ Manage Indian and Canadian payments on a single app built for you Simplify your life. Stay connected to home. Take control of your finances with Beacon India Bill Pay. https://lnkd.in/gcW7EjiB 📲 Ready to make life easier? Download the My Beacon super app today.

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Funding

My Beacon 1 total round

Last Round

Seed

US$ 3.8M

See more info on crunchbase