Social influence entrepreneur
Country of Origin: Mexico
In a world the place many individuals do their banking shortly and conveniently on-line, Canada’s momentary farmworkers have been left behind. When Rene Blanco regarded on the drawback, he noticed a chance to construct a enterprise by serving to them to save lots of money and time. The outcome was LABORA, a social influence FinTech that gives digital payroll remittances.
Blanco, LABORA’s founder and CEO, landed in Vancouver, BC, in 2017 to check an government MBA program on the Beedie School of Business at Simon Fraser University. Previously, Blanco labored in Mexican businesses to supply infrastructure and companies to rural communities.
In 2018, as a global EMBA student, he addressed a social drawback inside the underserved momentary overseas employees. They should pay excessive charges and obtain low change charges to remit their a refund residence. As a landed immigrant in Canada, he did in-depth due diligence concerning the cost course of for the 50-year-old Seasonal Agricultural Worker Program (SAWP), and LABORA was born.
LABORA’s mission is to reinforce the Canadian agriculture sector by serving to farm house owners securely and effectively pay their farmworkers and profit from the streamlined cash switch course of from Canada again residence. Further simplifying the executive course of, the LABORA platform assists farmworkers by filling their tax returns and supplies on-line companies to maintain their data secured (pay stubs, TD1, T4, Certifications, NOA and ROE) updated.
This yr, the Investment Agriculture Foundation of BC chosen LABORA’s venture for funding. Also, the corporate is accelerated by Venture Connection, SFU’s flagship entrepreneurship program. LABORA positively impacts the employee’s monetary circumstances primarily based on the UN SDG’s metrics.
LABORA has received quite a few recognitions, together with the 2019 Idea Prize on the SFU-Coast Capital Savings Venture Prize competitors, the 2019 Vancouver Winner on the Startup World Championships in Montreal. In 2020, Blanco obtained the SFU Alumni Founder Award, and Future of Good acknowledged LABORA as considered one of Canada’s Top 100 Recovery Projects. The firm has additionally made the Ready to Rocket program’s Emerging Rocket Agri-Food List in 2020 and 2021. This yr, LABORA received the 2021 Top Venture Prize on the SFU-Coast Capital Savings Venture Prize Competition.