How we helped one startup triple its MRR and secure funding from top-tier Canadian institutional investors (Case Study)
Investment Date: June 2017*
Mylo is a leading Canadian FinTech company. The Mylo app helps Canadians save and invest by automatically rounding up purchases to the nearest dollar and investing the spare change in low-cost ETFs managed by professional portfolio managers. Mylo also uses machine learning in conjunction with financial and transactional data to make personal recommendations that help users make smarter financial decisions.
*As of March 2020, we have not yet exited our investment in Mylo.
1. The Challenge
“We were drawn by Mylo’s incredible potential to revolutionize the way Canadians relate to their personal finances. The question was not if, but how, to achieve this."
Dr. Liam Cheung, Tactico Managing Partner & Co-Founder, Executive Chairman of Mylo
The Company needed a time-tested, cost-efficient asset management product to
manage and invest for its users. Being at the very early stages of the business
lifecycle, the Company also needed to find the right investors and secure
funding for growth and profitability.