HomeCanadaOneVest Raises $20M in Series B Funding

OneVest Raises $20M in Series B Funding

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OneVest

OneVest, a Toronto, Canada-based provider of a comprehensive wealth management technology platform, raised $20M in Series B funding.

The round was led by Salesforce Ventures, with participation from new investors, Allianz Life Ventures and TIAA Ventures. Returning investors included OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, and Pivot Investment Partners.

The company intends to expand operations and its development efforts.

Led by CEO Amar Ahluwalia, OneVest provides a platform that is designed modularly and flexibly, allowing firms to roll out their full end-to-end solution, while large enterprises, including banks, Registered Investment Advisors (RIAs), asset management firms, and insurance companies, are able to pick and choose specific modules to modernize their wealth programs.

Customers can save implementation time and cut down significantly on the cost of using various legacy vendors and manual processes. Additionally, the platform is highly configurable, enabling customers to offer tailored hybrid experiences for investors, and empower advisors to gain control and insights over their books of business.

FinSMEs

29/01/2025

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