Ferst Capital helps Mylo close pre-seed financing at $1.25 mln
Montréal financial technology startup Mylo has closed its pre-seed financing at $1.25 million. The close resulted from a new $750,000 investment by Canadian fintech venture capital firm Ferst Capital Partners, the round's leader. Several angel investors also joined the deal. Founded in 2015 by CEO Philip Barrar, Mylo has developed a mobile platform that automatically rounds up every purchase that users make and invests the spare change. It plans to use the funds raised to grow technical and operations teams, expand its user base, and complete the acquisition of a registered asset management firm.
23 May 2017•3 mins read
