Passiv Inc. Asset Profile

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Year established

2017

Location

Fredericton NB Canada

Primary Industry

Software

About

Based in New Brunswick, Canada, and founded in 2017, Passiv Inc operates as a software company that offers a portfolio management platform that provides a wealth investment system for its customer. The company was founded by Brendan Lee Young (CEO) and Brendan Wood. In October 2022, Y Combinator, East Valley Ventures, and Mistral Venture Partners led a USD 2.2 million seed funding for Passiv Inc. The company plans to use this funding to expand its market and further develop its growth. It offers a portfolio management platform that turns the brokerage account into a modern portfolio management tool and lets its users build personalized indexes, invest, automate, and manage several accounts. It includes performance reporting, multi-account portfolios, advance currency handling, goal tracking, etc. The company generates its revenue on a subscription basis. It offers two plans, a community user which is a free plan, and an elite member plan which costs USD 99 per year.

Current Investors

Y Combinator, East Valley Ventures, New Brunswick Innovation Foundation

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Primary Industry

Software

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.passiv.com

Verticals

Blockchain, E-commerce, FinTech, FinTech

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

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