Wellington Financial Fund V provides $7 million financing to FINCAD
Jan. 12, 2016 – 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.
Read more about the deal here.