Venture-backed Ratehub buys MoneySense from Rogers

Ratehub Inc has acquired MoneySense, a personal finance media brand, from an affiliate of Canadian communications and media company Rogers Communications Inc. Terms weren't released for the deal, which is expected to close on December 1. MoneySense will continue to operate as a distinct brand. Toronto-based Ratehub, which owns Ratehub.ca, a financial product comparison site, and CanWise Financial, a mortgage brokerage, said the acquisition will increase the number of Canadians it reaches per month. Founded in 2010 by Alyssa Furtado and James Laird, Ratehub in January raised $12 million in a Series A financing led by Elephant.

CanadaNorth AmericaBriefs