What is FINCAD?
Founded in 1990 and headquartered in Surrey, Canada, FINCAD offers sophisticated solutions for pricing, modeling, and risk analytics. Its client roster includes a diverse range of financial entities such as asset management firms, banks, insurance companies, hedge funds, and corporate treasury departments. The company's technology is critical for financial institutions navigating complex markets and regulatory environments, providing essential tools for risk management and valuation.
How much funding has FINCAD raised?
FINCAD has raised a total of $19M across 2 funding rounds:
Debt
$7M
Unspecified
$12M
Debt (2016): $7M with participation from Wellington Financial
Unspecified (2019): $12M led by Vistara Capital Partners
Key Investors in FINCAD
Vistara Capital Partners
Vistara Capital Partners is a growth capital firm that provides flexible debt and equity solutions to mid-to-late stage technology companies. They focus on enabling growth without excessive dilution, typically investing between $10M and $50M.
Wellington Financial
Wellington Financial LP is a specialty finance firm offering term, venture, and amortizing loans up to $40 million. They manage a significant investment program with backing from major Canadian institutional investors.
What's next for FINCAD?
The recent major strategic investment signals FINCAD's ongoing commitment to innovation and market leadership in the financial analytics space. With a substantial total funding amount of $19M, the company is well-positioned to further develop its platform, expand its global reach, and enhance its service offerings. This capital infusion is expected to fuel strategic initiatives, potentially including product development, market penetration, and acquisitions, solidifying its role as a key player in enterprise-level financial technology solutions.
See full FINCAD company page
