Fresh off its takeover, Wealth One wants $200M to scale its lending game. The bank, now owned by a Globalive-led crew including Anthony Lacavera, Beedie Capital, and Optimize, plans to double down on serving new Canadians, entrepreneurs, and the self-employed—markets the Big Five often ignore.
Ottawa okayed the buyout in June, a year after forcing out original investors over alleged China ties. Wealth One’s reboot isn’t just a rebrand; it’s a challenge to the country’s tight-knit banking scene. With new capital, the digital-first bank is betting it can grow where traditional players won’t.
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