Mako Financial Technologies
Mako Financial Technologies is a Montreal-based SaaS provider that automates client onboarding, KYC compliance, subscription agreements, and bulk repapering workflows for Canadian portfolio managers, fund managers, investment dealers, and financial institutions.
- Company typePrivate
- Founded2018
- HeadquartersMontreal, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Mako Financial Technologies does
Mako Financial Technologies is a Montreal-based SaaS provider of workflow automation software purpose-built for the wealth management industry. Founded in 2018, the company automates client onboarding, KYC compliance, subscription agreement processing, bulk repapering, and ongoing client engagement for Canadian portfolio managers, fund managers, investment dealers, and financial institutions. The platform is built on a low-code/no-code configuration engine hosted on AWS, enabling per-firm customization that preserves rather than replaces existing client workflows. Core components include Digital Onboarding & Workflows (KYC, subscription agreements, bulk repapering, custom workflows), a three-tier Client Engagement suite (Admin Portal, Advisor Portal, Investor Portal), and supporting modules for e-signature, digital audit trails, AML lookups, and tax slip automation. The company serves a customer base whose combined addressable scale includes $2.3B AUM in portfolio managers, over $700B AUM in fund managers, $125.9B AUM in investment dealers, and over $95B AUA in financial institutions.
The product is differentiated by a proprietary FINTRAC-compliant e-signature component recognized across Canadian, US, EU, and Swiss jurisdictions (AATL CA certificate), SOC 2 Type 1 / CSAE 3416 Type 1 certification, and a 30+ integration ecosystem covering major custodians (Aviso, Raymond James, NBIN, Fidelity, Broadridge, SGGG), CRMs (Salesforce, Microsoft Dynamics, Hubspot, Wealthbox), PMS systems (D1g1t, Addepar, PureFacts, Croesus), and identity verification providers (Trulioo, Equifax). Mako generates revenue through custom enterprise SaaS subscriptions based on feature adoption, advisor count, and form volume, supplemented by one-time implementation and onboarding fees, with multi-year contract terms. The go-to-market is direct enterprise field sales targeting Canadian wealth management firms through demo requests, business process review, and custom configuration proposals involving multi-stakeholder evaluation (operations, compliance, legal). Notable customers include Aviso Wealth, Designed Wealth Management, Western Pacific Trust Company, Hampton Securities, Bold Wealth Management, Spartan Funds, Vision Capital, Monarch Wealth, Hillsdale Investments, and Whitehaven. Quantified customer outcomes include up to 90% reduction in investor administration time and account opening compressed from approximately two weeks to 15-20 minutes at the carrying broker.
The company has raised $2 million in seed funding led by Desjardins Capital in August 2021, with no subsequent funding rounds disclosed, and operates with a headcount in the 11-50 range. Leadership includes founder and President Raphael Bouskila, CTO David Kleiman, COO/CFO Shawn Prodgers, Chief Solutions Officer Paul Tseng, and VP of Customer Success Mona Zabet (former Nest Wealth, Fidelity Investments). Recent strategic activity (October 2025 onward) shows deliberate US geographic expansion (Trulioo partnership, Improving analytics partnership), CRM ecosystem extension (Wealthbox integration), and product surface expansion (Review Mode, In-Person Signing), positioning the business for an eventual Series A or strategic exit.
Mako Financial Technologies firmographics
Firmographics- Name
- Mako Financial Technologies
- Legal name
- Mako Financial Technologies, Inc.
- Website
- https://makofintech.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mako Financial Technologies is a Montreal-based SaaS provider that automates client onboarding, KYC compliance, subscription agreements, and bulk repapering workflows for Canadian portfolio managers, fund managers, investment dealers, and financial institutions.
- Ownership category
- akta.pro rank
Mako Financial Technologies industry classification
Industry- Product category
- Wealth Management Workflow Automation Software
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Digital Wealth Platforms for Advisors (TAMP/Advisor Tech) (FSAGAEAH)
- akta.pro secondary industry
- Enterprise Work Management & Collaborative Workflow Platforms (HDAEAHAI)
Keywords
Where Mako Financial Technologies is headquartered
LocationHeadquarters
- HQ city
- Montreal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Mako Financial Technologies business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- SaaS Platform Subscription: Subscription-based pricing model based on product feature adoption, number of advisors, and forms flowing through the platform. Custom pricing for each client with typical multi-year engagements.
- Implementation & Onboarding Services: One-time onboarding fee covering initial configuration and digitization of forms. Professional services during business process review and custom configuration phases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Custom Enterprise Pricing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
Mako Financial Technologies product offering
Product offeringCore offering
Mako Financial Technologies provides a cloud-based SaaS workflow automation platform purpose-built for the wealth management industry. The platform automates client onboarding, KYC compliance, subscription agreements, bulk repapering, and custom workflows for portfolio managers, fund managers, investment dealers, and financial institutions. It includes a multi-tiered portal suite (Admin, Advisor, Investor) and integrates with 30+ custodians, CRMs, and identity verification providers.
Product overview
Mako Financial Technologies offers a SaaS-based workflow automation platform specifically designed for the wealth management industry. The core platform consists of Digital Onboarding & Workflows (automating KYC forms, subscription agreements, bulk repapering, and custom workflows) combined with Client Engagement Automation (Admin Portal, Advisor Portal, and Investor Portal). Supporting sub-products include proprietary e-signature, digital audit trails, AML lookups, and tax slip automation. The platform is white-label ready and integrates with major custodians (Aviso, Raymond James, National Bank Independent Network, Broadridge, Fidelity), CRM systems (Salesforce, Microsoft Dynamics, Hubspot, Wealthbox), portfolio management systems (D1g1t, PureFacts, Addepar), and identity verification providers (Trulioo, Equifax). Sector-specific modules serve Portfolio Managers, Fund Managers, Investment Dealers, and Financial Institutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Digital Onboarding & Workflows Core platform module that automates KYC forms, subscription agreements, custom workflows, and bulk repapering processes for wealth management firms. Enables remote client onboarding with pre-fill capabilities, built-in AML lookups, and electronic identity verification.
- Client Engagement Automation Portal suite comprising Admin Portal, Advisor Portal, and Investor Portal for centralized operations management. Enables real-time portfolio reporting, document status tracking, and automated client engagement workflows.
- Custom Form Upload
Quantifiable outcome
- Up to 90% time savings on investor administration through automation
- +4 more outcomes
Companies that use Mako Financial Technologies
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles4 records
Mako Financial Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration36 records
Feature8 records
Mako Financial Technologies partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core, strategic, infrastructure and minor.
- WealthboxcoreIntegration allowing automatic creation and synchronization of investor contact records in Wealthbox CRM directly from Mako, eliminating manual data entry and maintaining data consistency across systems
- ImprovingstrategicPartnership to provide workflow intelligence and operational transparency for wealth managers. Improving provides analytics and dashboards measuring workflow performance, cycle times, and bottlenecks across Mako deployments in Canada and US
- TrulioocorePartnership to improve KYC processes for wealth advisors across U.S. and Canada, enhancing compliance and streamlining client onboarding through integrated identity verification
- Aviso Correspondent PartnerscoreIntegration with Aviso's custodian and book of records systems for seamless client account opening and data synchronization
- Raymond James Correspondent ServicescoreCustodian integration enabling account opening workflows with Raymond James correspondent network
- National Bank Independent Network (NBIN)coreIntegration with NBIN's platform for custodian connectivity and account processing; Mako served as Bronze sponsor at NBIN VISION 2023 conference
- Fidelity Clearing CanadacoreIntegration with Fidelity Clearing's custodian and clearing services for client account management
- BroadridgecoreIntegration with Broadridge's Dataphile platform for document management and account opening workflows
- SalesforcecoreCRM integration allowing firms to connect Mako onboarding data with Salesforce customer records and workflows
- EquifaxcoreIdentity verification integration for automated AML/KYC compliance checks during client onboarding per FINTRAC requirements
- Microsoft AzureinfrastructureCloud infrastructure provider hosting Mako's platform on AWS with enterprise-grade security and data protection
- AWSinfrastructureAmazon Web Services cloud hosting for Mako's platform infrastructure
- Finance MontrealminorMember of Finance Montreal fintech industry association supporting Montreal's financial technology ecosystem
- Fintech Station MontrealminorMember of Fintech Station Montreal, the fintech hub and accelerator program in Montreal
- Canadian Regulatory Technology AssociationminorMember of Canadian Regulatory Technology Association supporting regtech innovation in Canada
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Mako Financial Technologies competitors and assessment
Company assessmentDirect peers
- Tamarack Technology: Tamarack provides technology solutions and AI-driven automation specifically for the equipment finance and lending industry, but its workflow automation approach and integration-heavy platform are architecturally similar to Mako's low-code configuration model. Both serve regulated financial services firms with compliance-embedded workflow tools.
- iPipeline: iPipeline offers digital solutions for life insurance, annuities, and wealth management including e-applications, e-signature, and illustrations, making it one of the closest direct competitors in workflow automation for financial advisors and wealth managers. Both platforms digitize paper-heavy onboarding and compliance processes for similar buyer personas.
Broad incumbents
- DocuSign: DocuSign is the dominant e-signature and agreement cloud platform used across wealth management for document execution. While Mako's e-signature module competes with DocuSign at the component level, DocuSign is a much broader incumbent selling into the same wealth management buyers with significantly larger resources and brand recognition.
- Orion Advisor Tech: Orion (formerly Orion Advisor Solutions) provides a portfolio management and account aggregation platform widely used by RIAs and wealth managers, with workflow automation capabilities that overlap with Mako's portfolio manager offerings. Orion competes more on the PMS side but is expanding into adjacent workflow and onboarding functionality.
- Envestnet: Envestnet provides a broad wealth management platform serving advisors with portfolio analytics, CRM, financial planning, and data aggregation. While it does not specialize in onboarding automation like Mako, its Tamarac and MoneyGuide subsidiaries create overlap in advisor-facing workflow and client engagement technology.
- Appian: Appian is a low-code process automation platform used by financial institutions for KYC, onboarding, and compliance workflows. It competes for the same enterprise automation budget as Mako but is a horizontal platform requiring more implementation effort, while Mako delivers a pre-configured wealth management solution.
- Avaloq: Avaloq is a Swiss-based wealth management platform serving private banks and wealth managers globally with core banking, portfolio management, and digital onboarding. It targets similar wealth management buyers as Mako at the institutional end of the market with a much broader software suite.
Emerging players
- Wealthbox: Wealthbox is a CRM purpose-built for financial advisors that integrates with Mako for automatic contact synchronization. While Wealthbox focuses on the CRM layer, its growing automation and client portal features overlap with Mako's Advisor/Investor Portal modules, making it both a partner and a partial competitor.
- Laserfiche: Laserfiche is an enterprise content management and workflow automation platform with strong penetration in financial services for document management. Mako integrates with Laserfiche for document storage, but Laserfiche's broader ECM and BPM capabilities position it as a partial alternative for firms considering unified workflow and document management solutions.
- Practifi: Practifi is a CRM and practice management platform for financial advisors with workflow automation, client onboarding, and task management capabilities. It competes with Mako's Advisor Portal for the same mid-market advisor buyer and increasingly overlaps on workflow automation for wealth management firms.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Mako Financial Technologies social profiles
Digital presenceMako Financial Technologies compliance and trust
Trust signalCompliance4 records
Mako Financial Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mako Financial Technologies leadership team
Management profileNumber of profiles
Profiles5 records
Mako Financial Technologies funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mako Financial Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mako Financial Technologies
What does Mako Financial Technologies do?
Mako Financial Technologies provides a cloud-based SaaS workflow automation platform purpose-built for the wealth management industry. The platform automates client onboarding, KYC compliance, subscription agreements, bulk repapering, and custom workflows for portfolio managers, fund managers, investment dealers, and financial institutions. It includes a multi-tiered portal suite (Admin, Advisor, Investor) and integrates with 30+ custodians, CRMs, and identity verification providers.
Is Mako Financial Technologies a public or private company?
Mako Financial Technologies is a private company. It is classified as venture growth investor backed and is currently operating.
When was Mako Financial Technologies founded?
Mako Financial Technologies was founded in 2018. It employs 11 to 50 people.
Where is Mako Financial Technologies based?
Mako Financial Technologies is headquartered in Montreal, Canada, in the North America region.
How does Mako Financial Technologies make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are implementation & Onboarding Services.
Who are Mako Financial Technologies's main competitors?
Direct peers on record are Tamarack Technology and iPipeline. Broad incumbents are DocuSign, Orion Advisor Tech, Envestnet, Appian and Avaloq. Emerging players are Wealthbox, Laserfiche and Practifi.
Does Mako Financial Technologies have an API?
No public API is recorded for Mako Financial Technologies.
What industry is Mako Financial Technologies in?
Mako Financial Technologies's product category is Wealth Management Workflow Automation Software. Its primary akta.pro industry code is FSAGAEAH, Digital Wealth Platforms for Advisors (TAMP/Advisor Tech), with a secondary code of HDAEAHAI, Enterprise Work Management & Collaborative Workflow Platforms. Its NAICS code is 523940 and its SIC code is 6282.