Wellington Financial provided $7 million venture debt financing for FinancialCAD.

FINCAD provides financial analytics software to more than 1,000 organizations worldwide. FINCAD’s product suite scales from the desktop to enterprise, offering valuation and risk management of multi-asset, multi-currency derivative portfolios.

“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,” said Bob Park, CEO of FINCAD. “This financing will fuel our strategic growth, enable us to continue innovating rapidly, and ensure our vision is delivered.”