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FreshBooks Raises $30 Million and Plans to Hire 250 More Employees by 2016

FreshBooks has raised US $30 million round in its first institutional investment round.

The round, led by Oak Investment Partners with participation from Atlas Venture and Georgian Partners, will position the company for "increased growth as it helps freelancers and service-based businesses successfully build their businesses without having to learn accounting."

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LoginRadius Records 800% Growth Within One Year

Just two years after becoming an incorporated entity, LoginRadius will be blowing out the birthday candles with extra gusto having achieved such an astonishing and rapid growth rate.

LoginRadius’ social platform is used by more than 120,000 websites around the globe, allowing sites to offer social login and social sharing and also giving businesses access to accurate and rich user profile data.

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Popularity of Remittance Magnifies Importance of Identity Verification in Canada

Canada boasts a foreign-born population of just under seven million people, or more than 20% of the nation’s entire population—the highest percentage among G8 countries. And this trend is only accelerating: between 2006 and 2011, more than 1.1 million foreign folks immigrated here, making up over 3% of Canada’s total population, according to Statistics Canada.

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