This week on Finovate Global we’re taking a look at some recent fintech developments in Canada. On the fundraising front, embedded wealth management platform OneVest announced a $3.9 million (CAD $5 million) seed funding round this week. The investment was led by Luge Capital and takes the Canadian fintech’s total funding to $5.5 million (CAD Read more...

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SAN FRANCISCO, CA - April 28, 2022 - Carbon Collective, the first online investment advisor 100% focused on solving climate change, today announced an oversubscribed seed round at $2.2 million, featuring Powerhouse Ventures, HyperGuap, and Elevation Ventures. This adds to additional funds raised by earlier seed and angel investors Precursor Ventures, My Climate Journey, and Climate Capital.

Founded in 2020, Carbon Collective has a B2C robo investment offering, a B2B Green 401(k), compiled the most comprehensive list of climate solution stocks in its 2022 Climate Index, and they recently published their educational Ultimate Guide to Sustainable Investing. The seed round funds will be used to launch an initial investment product, improve the member experience, and hire talent.

The free digital educational resource launches during Financial Literacy month on the heels of the IPCC’s sixth climate assessment report