We’re excited to announce our expansion into the Canadian market, partially supported by an investment from our partners at Portag3 Ventures.
“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. Portag3 is well connected in the Canadian financial services industry and is helping us to hit the ground running as we work to establish ourselves in the market.”
Consumer account data is one of the most important drivers behind the explosion of fintech innovation and development of digital financial services experiences in the US and beyond. For years, US-based financial services companies like SoFi and Betterment have leveraged Quovo’s account aggregation technology and robust data insights to deliver personalized services and transact with greater confidence—now, Canadian businesses will have the same technology available to them.
“The Canadian market holds tremendous promise for aggregation and we believe Quovo is the global market leader. We are excited to be their partner as they expand into markets outside the United States,” said Adam Felesky, President of Portag3 Ventures.
With the expansion, we’re partnering with Canadian fintech companies and incumbent institutions alike to provide enhanced account connectivity and to enable Canadians to make healthier financial decisions.
“While we’ve already expanded our Canadian institutional coverage and updated our data model to include Canadian financial account types, our expansion into Canada isn’t just about product localization—we’re fully committed to building a sustainable business to support the country’s growing financial services sector,” said Brad Joudrie, Director of Quovo in Canada. “The investment from Portag3 will enable us to build out a regional team, deliver on Canadian consumer requirements, and fuel innovation in Canadian financial services.”
Located in Canada and interested in learning more about how Quovo can deliver value for you and your customers?