VC-backed Mylo buys Tactex to create investment platform
Montréal financial technology startup Mylo, which closed a pre-seed round last month, has acquired Tactex Asset Management, a Canadian wealth management firm with a client asset book of $110 million. No financial terms were released for the deal, which Mylo said provides "immediate revenue." Mylo CEO Philip Barrar said the acquisition allows the company to launch and manage its own investment funds, giving users "with as little as $1 available to save and invest, get the same professional advice and low cost as those who have hundreds of thousands." Mylo, a mobile personal finance provider, is backed by Ferst Capital Partners and angel investors.
19 June 2017•3 mins read
