Desjardins launches $45 mln fintech fund, invests in X-Telia
Desjardins Group has launched a $45 million strategic financial technology fund. The fund, managed by Desjardins Capital, the Canadian financial co-operative's private investment arm, will invest in businesses that use innovative models to address existing or emerging issues. The fund has already made a first undisclosed investment, backing X-Telia, a Longueuil, Québec-based wireless network operator serving businesses and cities that require secure, long-range, low-power and low-cost connectivity. The investment's proceeds will allow X-Telia to grow its network across rural Québec and help La Coop fédérée modernize its practices.
10 June 2019•3 mins read
