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Mylo Financial Technologies recently closed a $2 million seed funding deal led by Desjardins Capital and Robert Raich. The new app facilitates easy investing by rounding up any purchases users make to the nearest dollar and investing the 'spare change'.

The application has been developed by a Montreal-based team and seeks to target millennials who typically have less than $1,000 in their bank accounts.

http://www.digitaljournal.com/business/mylo-a-fintech-app-that-invests-canadians-spare-change/article/511785

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