Purpose Investments Inc. Asset Profile

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Year established

2012

Location

Toronto ON Canada

Primary Industry

Financial Services

About

Based in Toronto, Canada and founded in 2012, Purpose Investments Inc. operates as a financial technology company that provides asset management services to wealth advisors, portfolio managers, entrepreneurs, and small and midsize businesses (SMBs) with asset management, wealth management, and banking tools. The firm was founded by Som Seif. Purpose Investments manages over $10 billion in assets under management that focuses on customer outcomes and risk management. In September 2016, the company acquired Redwood Asset Management and built expert active management into core areas such as emerging markets and preferred shares. The expansion continued in December 2017 with the acquisition of assets from LOGiQ Asset Management, with Greg Taylor and Sandy Liang joining the team. Purpose’s core businesses include Purpose Investments, which offers 33 exchange-traded funds (ETFs) and mutual funds such as Purpose Bitcoin ETF, Purpose Premium Yield Fund, Purpose Enhanced Premium Yield Fund, Purpose Structured Equity Yield Portfolio II, Purpose Tactical Hedged Equity Fund, Purpose Credit Opportunities Fund, Purpose Global Bond Fund, Purpose Strategic Yield Fund, Purpose Canadian Preferred Share Fund, Purpose Enhanced Dividend Fund, Purpose Specialty Lending Trust, Purpose Tactical Asset Allocation Fund, Purpose Multi-Asset Income Fund, Purpose High-Interest Savings ETF, Purpose Money Market Fund, and Purpose Gold Bullion Fund; Purpose Advisor Solutions, which provides a wealth-as-a-service technology solution to support independent portfolio managers and wealth advisors; and Thinking Capital, which operates as a small business lending system. Purpose Investment plans to build out its infrastructure for further growth and continue to expand its product offering.

Current Investors

TorQuest Partners, Allianz X

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Primary Industry

Financial Services

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.purposeinvest.com

Verticals

FinTech

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Deals

Deals Type
Buyout
Add-on
Add-on, Trade Sale
Buyout

Deal Status	Target (s)	Deal Date
Completed	Purpose Investments Inc.	10 Feb 2021
Completed	ZetaTango Technology Inc.	10 Nov 2020
Completed	Thinking Capital Financial Corporation	09 Mar 2018
Completed	Purpose Investments Inc.	01 Jun 2014

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