Portfolio company Quovo has announced plans to expand into the Canadian market, as well as incremental financing from Portag3 Ventures - a leading Canadian-based VC firm sponsored by Power Financial Corporation.
Quovo provides companies with connectivity and insights for millions of consumer financial accounts across more than 14,000 different institutions. Quovo's technology retrieves, organizes, and analyzes data from across the full breadth of financial accounts. Leading financial services companies, such as SoFi and Betterment, rely on Quovo to provide the data and insights they need to predict, transact, and personalize their services more effectively and with greater confidence. "Canada holds immense growth potential for Quovo and we're excited to replicate our US success in the Canadian market, which is home to a thriving fintech ecosystem and financial institutions hungry to adopt innovative technologies," said Lowell Putnam, CEO and co-founder of Quovo. "The decision to raise funding from Portag3 was about much more than capital.
https://www.newswire.ca/news-releases/quovo-announces-expansion-into-canada-681489281.html