Montreal based robo investing app Mylo has raised a $2.5m Series Seed led by Desjardins Capital.
Mylo will use the funding to scale their operations and develop their backend technology to become a full-service AI-driven personal financial management (PFM) platform that helps Canadians invest in their future, regardless of income or net worth. "Desjardins Group has been helping Canadians plan their futures for decades. We're excited about how fintech solutions like Mylo can help respond to the financial needs of Canadians" said Jacques Perreault, Associate Vice-President,Technological Innovations at Desjardins Capital. "Mylo is making investing easy for all Canadians, regardless of the size of their paycheque or the amount they can afford to set aside, and we're invested in the idea that everyone can and should be saving for their goals."