Canadian fintech firm Financial Technologies has raised CAD2 m ( $ 1.6 m ) in a seed funding round featuring Ferst Capital Partners and Desjardins Capital , among others . Mylo also secured an additional CAD500,000 in funds that are still to raise . The Montreal - based company offers investors the chance to invest less than CAD1 in a diverse portfolio of exchange - traded funds by allowing them to round up the cost of everyday purchases and invest the remainder . The cash injection can be used to expand the portfolio into a full - service personal financial management platform .
Canadian fintech Mylo Financial Technologies has raised CAD2m ($1.6m) in a seed funding round featuring Ferst Capital Partners and Desjardins Capital, among others. Mylo also secured an additional CAD500,000 in funds that are still to close. The Montreal-based company offers people the chance to invest less than CAD1 in a diverse portfolio of exchange-traded funds by allowing them to round up the cost of everyday purchases and invest the difference. The cash injection will be used to expand the firm into a full-service personal financial management platform.