Vault, a Canadian fintech startup, has recently announced the launch of its fully-featured online financial platform. The platform aims to provide users with a comprehensive suite of financial tools and services, including banking, investing, and insurance.
The launch of Vault’s platform has been made possible through $5 million CAD in funding support from a group of investors, including Portag3 Ventures, National Bank of Canada, and Desjardins Group. The funding will be used to further develop and expand the platform’s capabilities, as well as to support the company’s growth and expansion plans.
Vault’s platform is designed to be user-friendly and accessible to a wide range of users, from individuals to small businesses. The platform offers a range of features, including a high-interest savings account, investment accounts, and insurance products. Users can also access financial planning tools and resources to help them manage their finances more effectively.
One of the key features of Vault’s platform is its integration with other financial institutions and services. This allows users to link their existing bank accounts and credit cards to the platform, giving them a more complete view of their finances and making it easier to manage their money.
Vault’s platform also includes a range of security features to protect users’ personal and financial information. These include two-factor authentication, encryption, and regular security audits.
The launch of Vault’s platform comes at a time when many Canadians are looking for more convenient and accessible ways to manage their finances. With the COVID-19 pandemic causing widespread economic uncertainty, many people are turning to digital financial services as a way to stay on top of their finances and plan for the future.
The National Crowdfunding & Fintech Association of Canada has praised Vault’s platform for its innovative approach to financial services. The association sees the platform as a positive development for the Canadian fintech industry, which has been growing rapidly in recent years.
Overall, Vault’s fully-featured online financial platform is a welcome addition to the Canadian fintech landscape. With its comprehensive suite of financial tools and services, the platform has the potential to help Canadians manage their finances more effectively and achieve their financial goals.
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- Source: https://zephyrnet.com/vault-launches-comprehensive-online-financial-platform-backed-by-5m-cad-funding-raise-national-crowdfunding-fintech-association-of-canada/