Collaborative financial management platform Onist announced it is teaming with financial account analysis company Quovo. Onist will leverage Quovo’s data to provide a more reliable financial picture to its Canadian clients, making it the first company in Canada to use Quovo’s services.

The collaboration will allow Onist to pull in details from new Canadian accounts, credit unions, investment accounts, as well as common bank accounts, and credit cards. The Onist platform will provide a single place where consumers and authorized third party professionals can get a comprehensive view of their net worth and cash flow. By aggregating this data and facilitating access, Onist and Quovo aim to help clients make better informed decisions.

In the press release, Onist CEO Brad Kotansky said, “Onist is all about helping families and their advisors collaborate around household finances – and having access to your complete, reliable Canadian financial data is key to that. We are thrilled to partner with Quovo and feel strongly that we can help bring Canadians the same financial insight Americans have had for years. There’s never been a better time for Canadian families to be able see and digest all of their important financial information in one place.”

The idea of democratizing financial information is core to both companies. Quovo co-founder and CEO Lowell Putnam said that Onist’s efforts to offer consumers a clear view of their finances aligns perfectly with Quovo’s own mission, making Onist, as Putnam described, “an ideal early partner.”

Headquartered in Canada, Onist was founded in 2015 and showcased its financial management platform at FinovateSpring 2017. The company offers a virtual family office that facilitates collaboration among the family and their financial advisors, estate planners, tax professionals, insurance advisors, and accountants. Leveraging a second data aggregation partnership with Envestnet|Yodlee, the Onist platform enables users to aggregate all of their financial accounts and select the information they want to share with their planning professionals.

Quovo presented at FinDEVr New York 2016 and FinDEVr New York 2017, where it was awarded Favorite FinDEVr Alum. Earlier this spring, the company received an investment from Canadian VC firm Portag3 Ventures that intended to help Quovo enter into the Canadian market. Founded in 2010, Quovo serves hundreds of institutions, thousands of advisors, and millions of end-users. Lowell Putnam is co-founder and CEO.