Harness Spend. Accelerate Goals. Olive is an Open Banking API platform that transforms everyday purchases into savings, investments and charitable donations. We harness the power of Open Banking & Card-Linking to offer round-ups and cashback rewards directly to users. Our mission. Help individuals start healthy financial behaviours that have long-term, lasting impacts. Our story. Founded in 2018, the vision for Olive began with founder Dave Beaton who is a pioneer in the payment rounding space. Over the past decade, Dave built rounding platforms for BMO, RBC and many credit unions. Since incorporating, Olive has secured IP, large B2B partners, influential advisors along with a passionate group of Board members. As a team, we have set out to build Olive as a Financial Technology (“Fintech”) company focused on getting more people to start giving or to start saving for their future as a function of their daily spending. With reports of personal savings shrinking, and strong indicators that millennials are spending more than they are saving (41% of people aged 20 to 36 have $0 in savings) it means there is an opportunity to help everyone take those first steps towards their financial goals. From this Olive’s vision to power positive financial behaviours for consumers everywhere was born. Today, Olive offers a world-class Card-Linking-as-a-Service (“CLaaS”) that is about to power the rounding of purchase transactions into savings, investment and donation accounts for partners who themselves service over 50 million people.
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