FINCAD secures $16 mln in Vistara-led growth financing
FINCAD, a Vancouver-based provider of enterprise solutions for derivative and fixed income portfolios, has raised about $16 million (US$12 million) in financing. The deal was led by Canadian technology growth capital firm Vistara Capital Partners, with a senior bank facility provided by CIBC Innovation Banking, the technology lending arm of CIBC. Vistara Managing Partner Randy Garg will become a board observer. FINCAD, led by President and CEO Bob Park, will use the funds raised to grow its F3 enterprise analytics platform, which supports modelling, pricing, valuation and risk management of portfolios in all asset classes.
11 April 2019•4 mins read
