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Power Corp.'s fintech venture fund Portag3 raises $198-million

Portag3, which manages about $240-million in investments on behalf of Power Corp.-affiliated companies, said commitments already received for the second fund will eventually put its total well above $300-million and possibly as high as $400-million.

Desmarais Family Extends Fintech Push With Fresh Cash Pool

Power’s in-house venture fund Portag3 has raised C$198 million ($150 million) in its second round of funding, with about half coming from units of the Montreal-based holding company and half from outside investors including National Bank of Canada and Intact Financial Corp. Power entities led by Power Financial previously spent C$240 million on fintech companies.

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Paul Desmarais III spoke at the 2018 Canada Fintech Forum

October 30, 2018

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Stephanie Choo spoke at the 2018 Ivey Venture Forum

February 22, 2018

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OSC introduces fintech advisory committee members

Investment Executive · February 7, 2018

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New VC fund focuses on growth of fintech

Investment Executive · November 11, 2016

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Power Corporation en remet dans la «fintech»

Le Devoir · October 18, 2016

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Power fait un pas de plus en «fintech»

La Presse · October 17, 2016

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