The growth equity arm of Goldman Sachs led the round, with participation from Citi Ventures, Canapi Ventures and BDC Capital. The Winnipeg fintech, which makes software that helps advisors create personalized financial plans for their clients, plans to use the money to speed up its expansion into the U.S. and continue to develop its AI-powered platform. (The Logic)
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The growth equity arm of Goldman Sachs led the round, with participation from Citi Ventures, Canapi Ventures and BDC Capital. The Winnipeg fintech, which makes software that helps advisors create personalized financial plans for their clients, plans to use the money to speed up its expansion into the U.S. and continue to develop its AI-powered platform. (The Logic)
Talking point: Conquest joins Toronto fintech Float in attracting Goldman Sachs as a lead investor in a substantial recent funding round, suggesting U.S. banks are taking notice of Canada’s fintechs amid a resurgence of funding and interest. In a release, Conquest said more than 60 per cent of the Canadian financial advisor market uses their service, with the firm eyeing the U.K. and U.S. as opportunities for further growth. The financial services industry is investing heavily in AI in an effort to become more productive and stay competitive.
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