OneVest, an embedded wealth management platform serving fintechs, digital banks and financial institutions, has secured CAD$5 million in venture financing to expand the team, grow sales and drive product development.
The round was led by Luge Capital, a leading fintech-focused venture firm, with participation from OMERS Ventures, AAF Management, FJ Labs, National Bank of Canada’s corporate venture capital arm NAventures, Panache Ventures, and strategic angels.
As part of the round, Karim Gillani, former PayPal executive and current General Partner of Luge Capital, will join the OneVest board. Atul Tiwari, former CEO of Vanguard Canada, will become a strategic advisor to the company.
