Knowledge Centre

Company description

A leading Toronto-based Fintech provider of wealth management software, leveraging AI, and data analytics to deliver a superior enterprise solution for managing Assets Under Management (AUM). 


The company identified an acquisition target and was seeking non-dilutive financing from a banking partner who had a holistic understanding of their business model. A key consideration was access to flexible financing terms as they undergo high cash burn inorganic and organic growth initiatives to achieve their 5-year plans to expand their global footprint.


Our team of technology experts have prior operational experiences in start-ups and was able to see that each stage of a start-up comes with its own set of unique challenges and offered a customized approach. With the understanding that timing of spend is a critical component in inorganic growth activities, we presented two debt facilities that would allow management to execute on quick acquisition decisions.  Furthermore, Scotiabank provided a Robust Cash Management Platform to support the Company's foreign exchange needs as they take their business global.


The company was able to successfully acquire the target company while preserving cash balances and minimize the dilution to company ownership. The acquisition allowed them to further strengthen their mission critical AI-driven solutions to its marquee clients and expand their global reach.