Beedie Capital invests in WealthONE Bank of Canada to support its digital banking growth strategy.

Information on the Target

WealthONE Bank of Canada, founded in 2016, is a federally chartered Schedule I digital bank that provides comprehensive banking solutions throughout Canada. The bank specializes in delivering a broad array of personal and commercial banking services, which are specifically designed to meet the diverse needs of various entrepreneurial communities across the nation.

Employing a technology-driven approach, WealthONE aims to create a modern and customer-centric banking experience, positioning itself as a significant player in an industry that is gradually adapting to digital transformation. The bank's commitment to innovation reflects a shift in the traditional banking landscape, allowing it to cater to clients seeking more agile financial services.

Industry Overview in Canada

The Canadian banking industry has long been characterized by its stable and well-regulated environment, which has contributed to the resilience of financial institutions even duri