FINCAD offers the F3 enterprise analytics platform for modeling, pricing, valuation and risk management across all asset classes, combining off‑the‑shelf ease with extensive customization and integration capabilities. The F3 platform is described as award‑winning and allows users to extend models, methods and instrument coverage within a controlled environment. FINCAD reports strong commercial traction: F3 bookings have doubled over the past two years and the company serves hundreds of existing clients across the buy side and sell side. The company says the financing will be used to accelerate execution of its strategic plan to grow its enterprise solutions business. FINCAD positions itself as an industry standard since 1990 and works with asset managers, hedge funds, insurers, pension funds, banks and auditors. The company is based in Vancouver, British Columbia. FINCAD provides derivative analytics, valuation, reporting and risk-management software for multi-asset derivatives and fixed-income portfolios, used by over 4,000 clients in more than 80 countries. Its analytics are accessible via Excel, MATLAB, as a SaaS offering, or embedded through SDKs, and over 70 FINCAD Alliance Partners embed FINCAD Analytics. The company serves banks, corporate treasuries, hedge funds, asset managers, audit firms and governments. FINCAD employs about 115 people (90 in BC) and provides sales and client services from Dublin, Ireland and Vancouver/Surrey, Canada. Management said the new capital will support continued growth and the launch of a new set of products to extend capabilities globally. The financing was described as highly flexible and less dilutive, enabling the company to address its financing needs over time.

Total raised

$17M

Funding rounds

4

Latest round

Equity

Latest activity

Apr 2019