Passiv, a Fredericton, New Brunswick, Canada-based fintech company, raised USD$2.2M in Seed funding.
The round was led by Y Combinator, with participation from Mistral Venture Partners, Uncorrelated Ventures, New Brunswick Innovation Foundation, and East Valley Ventures.
The company intends to use the funds to support its growth, expand operations and business reach.
Led by CEO Brendan Lee Young, Passiv is a fintech company making it easier for retail investors to invest and manage their wealth at retail brokerages and cryptocurrency exchanges. Retail investors use the software to consolidate accounts and rebalance their portfolios quickly.
The company recently launched SnapTrade, an API that allows developers to connect retail brokerage accounts to their app. The connection provides real-time account data, historical transactions, and live trading for stocks, options and cryptocurrencies.
Passiv has over 20 investing apps building on SnapTrade, enabling them to serve over 200 million investors around the world through SnapTrade’s integrations.
FinSMEs
18/10/2022