Yield Exchange operates a digital marketplace that lets wholesale depositors—municipalities, universities, non-profits, strata corporations and others—find, compare and negotiate guaranteed investment certificate (GIC) rates with Canadian financial institutions. The platform digitizes a traditionally manual, time-consuming process through a bidding system that increases transparency and efficiency for depositors and banks. Founded by three veterans of the traditional banking industry, the company positions itself within the roughly $750B Canadian wholesale GIC market. Yield Exchange plans national expansion across Canada, with Ontario specifically mentioned as a target market. The startup also intends to broaden its product suite beyond wholesale GICs to include retail GICs, overnight rates and bonds. It has shown early traction and completed a pre-seed raise that was oversubscribed despite the challenging fundraising climate.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2023