Objectway, which specialises in delivering comprehensive as-a-service software and services tailored for banks, wealth, and asset managers, has acquired Nest Wealth, a distinguished Canadian firm known for its leading digital WealthTech solutions.
The acquisition is rooted in a mutual commitment to digital innovation and aims to leverage the modular, flexible, and as-a-service approach both companies advocate. The financial details of the deal have not been disclosed.
Objectway has carved a niche over its 30-year tenure by fostering partnerships with banks, wealth, and asset management firms. The company’s primary goal is to enhance and scale its partners’ businesses through advanced software and services, making digital transformation seamless for financial institutions globally.
Conversely, Nest Wealth, with over a decade of market leadership, has been instrumental in revolutionising digital wealth solutions in Canada. The company’s services, focused on onboarding, account opening, and financial planning, cater to a broad spectrum of clients, including half of Canada’s largest six banks and other significant financial entities.
The acquisition is a strategic move for Objectway to integrate Nest Wealth’s client onboarding and financial planning solutions into its own offerings. This integration not only strengthens Objectway’s position in the WealthTech sector but also paves the way for the company to extend its reach to new clients in both Canada and the US. Furthermore, it provides an opportunity to enrich the firm’s wealth solutions across the EMEA region, enhancing its digital client onboarding and planning solutions on top of its existing services.
Objectway Founder and Group CEO, Luigi Marciano, expressed enthusiasm about the acquisition, stating, “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.”
Echoing the sentiment, Nest Wealth founder and CEO, Randy Cass, highlighted the synergy between the two companies, saying, “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.”
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