The company was founded by Shorupan Pirakaspathy and Warren Carson in 2017 in Toronto, Canada to fill a growing demand for bilateral asset swaps between fiat and cryptocurrency pairs. The company has since then ventured into a variety of different business units and adopted a licensing first model for its banking primary banking business. Today Nvest acts as the parent company for three district subsidiary companies namely, NvestCapital, NvestStudios, and NvestLabs. Each of these business units executes a separate segment of the founding vision.