Caisse de dépôt, Desjardins unveil $75 mln fintech VC fund
Caisse de dépôt et placement du Québec and Desjardins Group have created a venture capital fund focused on opportunities in the financial technology sector and the application of artificial intelligence to finance. The fund, which will be based in Montréal, will receive $50 million from its sponsors and is expected to reach a maximum size of $75 million in part through institutional commitments made prior to a first close later this year. Operating independently, it will back the growth of Québec and Canadian companies offering technology products that impact investments, payments, client acquisition and retention, data analysis, deposits and loans, security or insurance.
10 October 2017•4 mins read
