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RBC's Ownr platform makes an acquisition

(Toronto) RBC Project Enterprise's Ownr platform has acquired legal technology platform Founded Technologies, Royal Bank said Wednesday.

Posted September 30, 2020 at 12:04 PM

The Canadian Press

Ownr was founded in 2017 to simplify the registration or withdrawal process, while Founded helps automate complex legal tasks.

A spokesperson for the Royal, Corey Black, indicated that RBC Project Enterprise would not disclose financial details of the transaction.

The two Toronto-based companies believe their partnership will help Canadian entrepreneurs accelerate their business registration and brand growth.

Ownr said they have seen a rapid growth in entrepreneurial activity in Canada since the start of the COVID-19 pandemic, although Statistics Canada has reported that small business income has fallen by at least 20% in the past. first quarter of the year, compared to 2019.

According to Ownr, many Canadians are taking advantage of the health crisis to do business for the first time, and start-ups have shown 100% growth since February. country.

Written by Rahis

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