Kanata-based accelerator L-Spark has struck a partnership with one of Silicon Valley’s fastest-growing payment processors.
L-Spark, which got its start supporting SaaS companies in Ottawa but has since branched out to cyber, IoT and deep tech companies across Canada, announced last week it had signed a new agreement with Stripe to provide startups in its accelerator with the firm’s online payment platform.
Silicon Valley-based Stripe has garnered a fair share of attention – and funding – for its software that helps companies to process payments. Just last week the firm raised $245 million in financing following a $150-million round in 2016.
Four years after the University of Ottawa opened its first satellite campus in Kanata North, the university is expanding its presence in the tech park.
The Mierins family established their foundation in 2018 and felt it was their obligation to support the new state-of-the-art hospital.
L-Spark managing director Leo Lax said in a statement that becoming a Stripe partner will particularly benefit the accelerator’s SaaS firms as they attempt to scale internationally.
“SaaS companies depend on a reliable and global online payment system. Stripe provides not only a global facility, but a great partner for growth,” he said.
L-Spark’s latest agreement comes just a week after the organization announced it would partner with BlackBerry QNX for a new accelerator program focused on early-stage IoT, cybersecurity and embedded software firms. Applications for the six-month program close today.