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Battery Ventures invests in AscendantFX Capital Inc.

Date Announced

January 19, 2023

Lead Office


On January 19, 2023, AscendantFX Capital Inc. ("Ascendant") announced Battery Ventures' agreement to make a significant investment which will make it the primary investor in Ascendant. Battery Ventures will provide strategic guidance while the investment will enable Ascendant to expedite an innovation plan designed to provide more value to customers worldwide.

AscendantFX Capital Inc., headquartered in Toronto, is a financial technology services company that provides online foreign exchange (FX) and payment solutions around the world.

Battery Ventures is a private equity and venture capital investment firm based in Boston, Massachusetts.

McCarthy Tétrault advised AscendantFX Capital Inc. with a team led by George Takach and Michael Alty that included Ana Badour, Richard Higa (Financial Services), Benjamin Aberant (Labour & Employment) and Oliver Borgers (Competition).