Toronto-based wealthtech OneVest launched an agentic AI operating system for its platform, the company announced Tuesday.
OneVest claims the new operating system will automate workflows, so AI performs administrative tasks in addition to providing and summarizing textual information.
“We have focused on execution,” Amar Ahluwalia, co-founder and CEO of OneVest, said in an interview. “It enables the completion of operational tasks … everything from onboarding to uploading documentation to processing a query to sending batch jobs down.”
Administration staff can use it to automate billing and compliance documentation, Ahluwalia continued. For example, it can take 20 hours to open an account, but automation can save five hours of work.
“We want to automate everything,” Ahluwalia said. “The intent is really to use the [AI] agent to run your day to day tasks … mundane items that bring barriers as you start to think about administration.”
Since the US$20-million Series B fundraise in January 2025, OneVest has expanded its presence in the U.S. with banks, registered investment advisers and broker-dealers. The company is prepared to expand to a European country later this year.
US$2.4B invested in Canadian fintech in 2025
Investment in Canadian fintech moderated last year to more historical levels, pointing to a more measured and disciplined investment environment, according to a KPMG report. It noted that there is sustained interest in later-stage companies, platform acquisitions and subsectors like AI and digital assets.
Venture capital, private equity and mergers and acquisitions in Canadian fintech added up to US$2.4 billion across 113 deals in 2025, according to PitchBook data. This came after a bumper year in 2024 with US$9.9 billion invested in 161 deals, mainly from two large transactions.
Investment accelerated in the second half of 2025, with US$327 million invested in the third quarter across 26 deals, and US$662 million across 16 deals in the final quarter, according to KPMG. While deal counts declined quarter over quarter, average deal values increased.
The three largest deals in Canada were the US$898-million private equity buyout of Toronto-based Converge Technology Solutions by San Francisco-based H.I.G. Capital; Wealthsimple’s US$536-million equity raise; and San Francisco-based Ripple’s US$200-million acquisition of Toronto-based stablecoin payments startup Rail.
The Canadian federal government’s promise to introduce a regulatory regime for stablecoins was a “pivotal” shift for digital assets, Kareem Sadek, KPMG Canada’s national technology risk services leader, said in a statement. It provides institutional investors with regulatory clarity and aligns the country’s ecosystem with global financial standards.
“The investment appetite for Canadian fintechs will continue to grow in 2026, as investors prioritize quality, scale and strategic fit, signalling a market that is maturing and aligning more closely with long-term value creation,” Dubie Cunningham, a partner in KPMG Canada’s banking and capital markets practice, said in a release.
The expected rollout of Canada’s open banking framework later this year will be a catalyst for challenger banks, where funding and scale are maturing, Cunningham added.
Webull preps for round-the-clock trading
Online trading platform Webull launched its consolidated market data feed for overnight U.S. equities trading, the company announced recently.
It was designed for Asia-Pacific traders to access U.S. market information during their local daytime hours. The data feed brings together real-time information from two U.S. equities overnight trading venues: Blue Ocean and Bruce Markets.
Best bid and offer data is free while deeper information costs US$4.99 per month.
Webull Canada’s trading hours were extended in December 2024 to 4:00 a.m. to 5:30 p.m. EST, Monday to Friday, from 8:00 a.m. to 4:45 p.m. — and extended again in 2025 to 8:00 p.m.