Canada’s Nest Wealth Bought By FinTech Provider Objectway
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Global FinTech provider Objectway has announced the acquisition of Canadian-based digital wealth solutions provider Nest Wealth.
The company specializes in Software-as-a-service, which assists businesses with their software requirements. Following this special deal, Objectway will expand its presence in North America. The company also hopes to expand to other regions in the future.
Objectway To Enhance Its Wealth Management Services
Nest Wealth is a company that was founded over ten years ago. It offers digital wealth solutions to asset managers, custodians, banks, and other financial groups in Canada. This service is a clever and affordable way for people to manage their wealth.
It works directly with investors, making things simple. So, many Canadians can use this service to accomplish their financial goals without it being straightforward. Nest Wealth helps with financial planning, opening accounts, and onboarding.
Objectway mentioned in a recent statement that Nest Wealth’s clients include half of Canada’s top six most prominent banks, including the National Bank Independent Network and the National Bank of Canada.
Objectway plans to use Nest Wealth’s services to enhance its investment and wealth management services. Using Nest Wealth’s financial planning and client onboarding tools, Objectway is improving its investment and wealth management services. Objectway can offer enhanced services to its existing and new clients in the US and Canada.
Luigi Marciano, the founder and Chief Executive Officer of Objectway, stated that the acquisition is a big step for the company’s growth and global expansion plans.
It allows them to expand in North America and offer a broader range of innovative products and services to both existing and new customers in North America, Europe, and the Middle East, where they currently operate.
Object Way’s Strategic Acquisition In The Canadian Wealthtech Landscape
Alpeggiani Associati and Deloitte Legal advise Objectway, while Wildeboer Dellelce LLP and Ascent Line Partners advise Nest Wealth. BNL is the leading manager and book-runner for the financing, including SIMEST.
Objectway helps over 100,000 investment professionals manage assets worth more than €1 trillion ($1.08 trillion). The company operates in several countries, including Ireland, Germany, Italy, Switzerland, Belgium, the UAE, and the UK.
In addition, the undisclosed financial terms, coupled with advisory support from Deloitte and legal counsel from Alpeggiani Avvocati, highlight the strategic nature of the deal.
With BNL leading the financing, Objectway is poised to broaden its footprint in the rapidly evolving Canadian Wealthtech space.
