National Bank to make $6 mln strategic investment in Nest Wealth
National Bank of Canada has agreed to make a $6 million minority investment in Nest Wealth Asset Management Inc, a Toronto-based financial technology startup. The deal forms part a strategic agreement between National Bank and Nest Wealth that will see the latter's technology used to enhance the bank's digital platforms. Founded in 2014 by CEO Randy Cass, Nest Wealth has developed an automated wealth management system that offers direct-to-investor solutions as well as advanced business solutions. The company raised $1.5 million in funding from Metroland Media Group Ltd in 2015.
21 April 2017•3 mins read
