OneVest

Canada-based OneVest provides a wealth-as-a-service (WaaS) platform that offers robo-advisory automation solutions to streamline day-to-day administrative tasks related to retail advisory as well as tools to provide private client advisory. OneVest can provide a modular and adaptable infrastructure solution, enabling the seamless integration and configuration of wealth management services. This approach allows for rapid deployment and customization according to specific client needs.

OneVest provides investment service infrastructure for consumer FinTechs, banks, credit unions, wealth managers, insurance companies, dealers, custodians, and asset managers to provide digital investing and other financial products through application programming interfaces (APIs). OneVest’s B2B platform offers white-label mobile apps, front-end widgets, fractional share allocation, and other wealth management facilities.

Key customers and partnerships

Neo Financial , a Canadian neobank company, was the first business to use OneVest’s platform to offer a new digital investment service Neo Invest. As of March 2024, OneVest’s customers included Peoples Group, Manzil, and Rise.

In March 2024, OneVest partnered with TrueNorth , a professional services company and digital solutions provider, to integrate OneVest's configurable platform with TrueNorth's specialized services and expand product reach in North America.

Funding and financials

In June 2023 , OneVest raised CAD 17.0 million (~USD 12.8 million) in Series A funding led by OMERS Ventures. The company intended to utilize the fresh capital to support business growth, expand across the US market, and for other general corporate uses.