VANCOUVER and TORONTO, Jan. 12,
2016 /PRNewswire/ - Wellington Financial LP, a
privately-held specialty finance firm, today announced a
US$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. A number of the world's top financial
organizations, such as State Street Corporation, Morgan Stanley,
and Aberdeen Asset Management, trust FINCAD's analytics to provide
a competitive advantage in their business.
"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."
About Wellington Financial LP
Wellington Financial LP is a privately-held specialty finance
firm providing term, venture and amortizing loans up to
$40 million. Wellington Financial LP
is currently managing a $900 million
investment program with offices in Menlo Park, Santa Monica and
Toronto. Wellington Financial LP
is managed by a partnership controlled by fund management and
Clairvest Group Inc. (CVG:TSX), who jointly have contributed a
large financial stake to the Fund. LPs include several of
Canada's largest institutional
investors, crown corporations, financial institutions and pension
funds. Please visit the fund website at www.wellingtonfund.com.
About FINCAD
FINCAD is the leading provider of enterprise valuation and risk
analytics for multi-asset, multi-currency portfolios. FINCAD's
flexible, fast, accurate, transparent, and holistic solutions help
over 1,000 global organizations enhance investment returns, manage
risk, reduce costs, comply with regulations, and provide confidence
to investors and shareholders.
SOURCE Wellington Financial LP