Migrating to Canada: Start with Beacon

Aditya Mhatre, Co-founder & CPTO of Beacon, shares how they are transforming the immigrant experience in Canada with innovative financial solutions:

- Aditya Mhatre

Babu Nair: What inspired the launch of Beacon to serve the immigrant population?

Aditya Mhatre: Having lived in five different countries, Stuart Szabo and I shared our first-hand experiences with all the challenges of relocating to a new country. Our journey was filled with frustrating obstacles, from navigating complex banking systems to finding reliable information and resources. But these challenges sparked the inspiration that would become Beacon. Our personal experiences, combined with the shared struggles of millions of newcomers to Canada, fueled the journey to founding Beacon. We recognized the gaps in support and resources available to immigrants and envisioned a solution that would not only address these challenges but also empower immigrants to build successful lives in their new home. Our vision is clear: to create a comprehensive platform that simplifies the immigrant experience and provides essential financial services and resources through a single super app.

How does Beacon differentiate itself from the Big 5 banks and other fintechs in this space?