Loon Technology Inc.

Loon Technology Inc. , based in Calgary, Canada, is a financial technology company focused on creating a stable digital currency solution for seamless transactions, addressing inefficiencies in banking and regulatory complexities. Loon Technology Inc. specializes in developing CADC, a Canadian dollar stablecoin, to facilitate instant transactions.

The company has not undergone any major pivots or changes in operations since its inception. Founded in Calgary, Canada, Loon has successfully attracted investment with its most recent funding round in October 2025, raising CAD 3 million in pre-seed funding, led by Version One Ventures with support from Garage Capital. Loon's primary product offering is CADC, a Canadian dollar stablecoin designed to facilitate instant and low-cost transactions both domestically and internationally. CADC addresses challenges such as regulatory complexities and inefficient banking systems, allowing users to settle payments globally in seconds without traditional banking delays or currency conversion issues.

Fully backed 1:1 by Canadian dollars held in regulated financial institutions, CADC ensures transparency through regular attestations of reserves and targets a diverse clientele, including financial institutions and decentralized finance platforms. Loon generates revenue primarily through transaction fees associated with the use of CADC. Clients can engage in transactions that utilize the stablecoin for various financial activities, benefiting from significantly lower costs compared to traditional banking methods. Transaction costs are measured in cents rather than dollars, enhancing Loon’s market presence and accessibility through partnerships with financial institutions and decentralized applications (DApps).

In October 2025, Loon Technology Inc. raised CAD 3 million in pre-seed funding, which will be utilized to expand its product suite and build a proprietary technology stack. The company aims to establish a stronger geographic footprint and acquire regulatory licenses to offer a comprehensive range of investment solutions. Specific plans for market expansion are ongoing, targeting broader access and potential new markets as part of their strategic growth.