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Purpose Financial secures $53.5 million CAD investment from Allianz X

Purpose Financial secures $53.5 million CAD investment from Allianz X Toronto FinTech company Purpose Financial has secured $53.5 million CAD from Allianz X, with the German investor acquiring a minority stake in the company. The transaction remains subject to regulatory approval. UPDATE 01/02/2021: Allianz X’s investment in Purpose Finacial officially closed as of March 1, 2021. Allianz X is the digital, FinTech-focused investment unit of Allianz Group, a global insurance and...
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Purpose Investments Crosses $10 Billion in Assets Under Management, Donates to Second Harvest and Commits to Volunteering in Honour of Milestone

[December 21, 2020] Purpose Investments Crosses $10 Billion in Assets Under Management, Donates to Second Harvest and Commits to Volunteering in Honour of Milestone Purpose Investments Inc. ("Purpose"), the innovative asset management firm and investment arm of Purpose Financial, is pleased to announce that its assets under management (AUM) have surpassed $10 billion, marking a significant milestone in its eight-year history. In the last 12 months alone, the firms AUM have increased more than 2...
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