Wellington Financial provides $7 mln of venture debt to FINCAD
Canadian specialty finance firm Wellington Financial has extended US$7 million in venture debt financing to FinancialCAD Corp (FINCAD), a provider of enterprise valuation and risk analytics for multi-asset, multi-currency portfolios. Vancouver-based FINCAD, which provides its financial analytics software to more than 1,000 organizations worldwide, said it plans to use the funding to support its continued innovation and strategic growth. The company is also a portfolio investment of Beedie Capital Partners. In November 2015, Wellington closed its fifth fund, Wellington Financial Fund V, at its hard-cap target of $300 million.
12 January 2016•2 mins read
