WealthOne Bank of Canada is aiming to raise $150 million Canadian dollars (about $105 million) to expand its partnerships with FinTechs and wealth firms, as well as to attract retail clients. The bank, acquired by Globalive-led investors in July 2025, has seen significant growth under new management, with total assets doubling from $570 million Canadian dollars (about $400 million) in July 2025 to $1.1 billion Canadian dollars (about $771 million) by September 2026.
Globalive Chairman Anthony Lacavera highlighted that FinTechs are often underserved by Canada’s largest lenders, positioning WealthOne to fill this gap. “They just don’t get the same level of service,” Lacavera said. “So that’s where we can really step up.” He anticipates “monster” deposits from FinTechs in the coming year, though specific details were not provided.
CEO John Webster, a former Bank of Nova Scotia executive, emphasized WealthOne’s ambition to become the go-to bank for FinTechs in both Canada and the United States. “We want to be the bank of the FinTechs,” Webster stated. The bank’s strategic focus aligns with Globalive’s long-term growth approach, as outlined when the acquisition was approved by the Government of Canada in June 2025.
Webster, who took over as permanent president and CEO in March 2026 after serving as interim leader since August 2025, expressed commitment to building on WealthOne’s momentum. He aims to grow the bank in a way that creates lasting value for customers, partners, and communities.