Luge Capital led the $5-million seed round for OneVest, a Calgary- and Toronto-based company developing a platform for companies to embed wealth-management services into their apps. (The Logic)
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Luge Capital led the $5-million seed round for OneVest, a Calgary- and Toronto-based company developing a platform for companies to embed wealth-management services into their apps. (The Logic)
Talking point: Founded in February 2021, OneVest is the latest company focused on providing fintech infrastructure for other businesses to raise money from Canadian investors. Earlier this month, Luge backed a similar company called Cybrid whose platform allows companies to offer cryptocurrency services to their customers. OneVest said in a statement that businesses can use its product to roll out personalized wealth-management services in a matter of weeks. Neo Financial, which announced a wealth management offering this month, is the first company to launch a product using OneVest’s platform.
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