Milan, Italy-based the global Top 100 FinTech provider of as-a-service software and services to banks, wealth and asset managers, Objectway acquired Toronto, Canada-based, a leading provider of digital wealth solutions, NestWealth. The company announced the acquisition on January 23, 2023. However, it didn’t disclose the amount of the acquisition.
Purpose of acquisition by Objectway
With the acquisition of Nest Wealth client onboarding and financial planning complementary solutions, the partners further enhance its wealth and investment management offering. It also offers marketing this to existing and new clients in Canada and the US.
In EMEA, the acquisition further offers the opportunity to expand and enrich the firm’s wealth solutions design model.
What the Objectway official has to comment
Luigi Marciano, Objectway Founder and Group CEO, said, “The Nest Wealth team has built a remarkable digital wealth platform with an eminent client base. We look forward to working with them to maximise our business potential, grounded on our common focus on digital innovation and on the same modular, flexible and “as-a-service” approach. This acquisition marks a significant milestone in our growth and global expansion strategy, enabling us to establish and broaden our market presence in North America and to offer an even more comprehensive range of innovative products and services to existing and new customers in both the EMEA and North American regions in which we operate.”
What the officials of NestWealth have to comment
Randy Cass, Nest Wealth Founder and CEO, said, “We are thrilled to join the Objectway Group, an innovative and highly respected company with a proven track record in the industry. This will accelerate our expansion across the North American region, and open up additional market opportunities in EMEA. In Objectway, we have found the perfect partner, giving our employees and customers continuity, stability and an exciting future of continuous development to solve their problems.”
NestWealth boasts more than 10 years of market leadership and innovation. It provides digital wealth solutions for onboarding, account opening, and financial planning to some of the largest financial institutions in Canada. Its clients include banks, custodians and asset managers – wealth management firms and individual advisors, as well as direct-to-investor investment management services. Clients include half of Canada’s largest six banks as well as the National Bank of Canada, National Bank Independent Network, etc.
About the company
Luigi Marciano is the founder of Objectway. The company with over 3 decades of experience enjoys partnerships with banks, wealth and asset management firms. It seeks to empower and scale its business through cutting-edge software and services, enabling financial institutions of all sizes and geographies.
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