Yield Exchange Plans National Expansion With $700K Pre-Seed Funding
04/18/23, 1:07 PM
Location
vancouverIndustry
lending
marketplace
fintech
financial services
e commerce
Round Type
pre-seed
Vancouver, B.C. April 18, 2023: Yield Exchange, a Vancouver-based fintech startup that is transforming the $750B Canadian wholesale GIC investment industry, has plans to expand nationally, after raising $700K CDN, in its pre-seed round. Founded by three veterans of the traditional banking industry, the platform enables entities of all kinds — from municipalities and universities to non-profit organizations and strata corporations — to find, compare, and negotiate investment rates for guaranteed investment certificates (GICs) through an easy-to-use online marketplace. “With interest rates going up and the economy in flux it’s more important than ever that organizations negotiate the best possible rates for their investments,” said Yvette Wu, co-founder and CEO of Yield Exchange
Company Info
Location
vancouver, washington, united states
Additional Info
Yield Exchange is a B2B SaaS platform for organizations to access competitive GIC rates with speed, transparency, and ease.
Our platform acts as an online GIC marketplace for investors such as Canadian municipalities, universities, school boards, hospitals, and large corporations to access competitive rates directly from our partnering financial institutions. We are here to modernize and transform the old way of doing business!
Financial institutions, join the movement and gain access to new wholesale deposit opportunities while cutting out inefficient steps. Simply put, increase access to wholesale deposits for less money and time.
Reach out for more information!