On February 6, 2025, ATB Ventures, the innovation arm of prominent Canadian financial institution ATB Financial (“ATB”), announced a conditional agreement to sell the Oliu™ technology stack to Credivera.
This acquisition allows Credivera to accelerate its growth, enhance customer value with state-of-the-art layered ID verification capabilities, and further solidify its leadership in the digital trust market. The transaction also aligns with ATB’s objectives of fostering a robust innovation and tech sector in Alberta.
Fasken has advised ATB in connection with this transaction with a team comprised of Will Shaw, Hashim Ghazi, Véronique Poulin, Alec McIlwraith-Black, Olivia Pietras, and Spencer Atin (Articling Student).
Jurisdiction
- Alberta
