WealthyPlanet, a Canada-based online financial planning company, announced on Wednesday it has closed a seed funding round with Mercanti Management Inc. Founded in 2018, WealthyPlant states it gives Canadians “confidence” in their financial future by offering a free online planning tool with low-fee products and non-commissioned advisors.
“WealthyPlanet is targeting an important problem for middle-income families with no access to a comprehensive financial and life plan they can set, track and manage. The company plans to address some of the biggest concerns of Canadians including carrying too much debt, saving for retirement, and accessing optimized and cost-effective mortgage, insurance and investment products.”
While sharing more details about the platform, John Podlewski, Founder and CEO of WealthyPlanet, stated:
“Through a lifetime building financial services organizations and sitting with hundreds of clients at their kitchen tables, I’ve learned what middle-income families need and the financial planning gaps that persist in our current market. I’m excited to have gained the confidence of a local Hamilton and national business icon like Sam Mercanti and pleased to be Mercanti Management’s first technology company investment.”
In regards to the investment from Mercanti Management, Sam Mercanti, President of Mercanti Management, added:
“I trust John and his vision for WealthyPlanet because he’s built successful businesses before and knows how to grow company teams and financial services sales efforts like no other. We are pleased to partner with WealthyPlanet, and we share the need to champion a better financial future and quality of life for Canadian families.”
Information on the investment round, including the amount of the investment, has not been disclosed at this time.