Wellington Financial Fund V Provides USD$7M Financing to FINCAD
Wellington Financial LP, a privately-held specialty finance firm, announced a USD$7 million venture debt financing for FinancialCAD Corporation (FINCAD), the leading provider of enterprise valuation and risk analytics for multi-asset, multi-currency portfolios.
FINCAD provides innovative and trusted financial analytics software to more than 1,000 organizations worldwide. FINCAD’s product suite can scale from the desktop to enterprise, providing fast, accurate, flexible, transparent, and holistic valuation and risk management of multi-asset, multi-currency derivative portfolios.
“FINCAD offers mission critical software for financial organizations worldwide. They have developed in-depth industry expertise over their 25 year history. We are very excited to support this best-in-class Canadian company in their next growth phase,” said Mark Usher, Partner at Wellington Financial.
“Securing a growth capital round from Wellington Financial is a great vote of confidence in our vision to deliver competitive advantage with multi-asset, multi-currency valuation and risk analytics,” mentioned Bob Park, CEO of FINCAD. “This financing will fuel our strategic growth, enable us to continue innovating rapidly, and ensure our vision is delivered.”