About FINCAD
FINCAD is a company based in Surrey (Canada) founded in 1990 was acquired by Numerix in April 2023.. FINCAD has raised $12 million across 2 funding rounds from investors including Zafin, Numerix and Wellington Financial. FINCAD offers products and services including Derivatives Analytics, Front-to-Risk Applications, and Capital Markets Development Platform. FINCAD operates in a competitive market with competitors including Kyriba, Socure, Alloy, BioCatch and Synctera, among others.
- Headquarter Surrey, Canada
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Sectors
Financial ServicesTechnology
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Phone
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Website
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Social
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Products & Services of FINCAD
FINCAD offers a comprehensive portfolio of products and services, including Derivatives Analytics, Front-to-Risk Applications, and Capital Markets Development Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tools for pricing and valuing OTC derivatives and fixed income securities.
Systems for valuation, market risk, and counterparty risk analysis.
Platform for building capital markets applications with analytics.
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Funding Insights of FINCAD
FINCAD has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $12 million completed in April 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $12.0M
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First Round
First Round
(06 Jan 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2019 | Amount | Private Equity Round - FINCAD | Valuation | Vistara Growth |
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| Jan, 2016 | Amount | Debt – Venture - FINCAD | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in FINCAD
FINCAD has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Zafin, Numerix and Wellington Financial. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Debt and equity solutions are provided to mid-to-late-stage technology companies.
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Tech-focused Venture debt provider investing primarily in the US and Canada
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Software solutions for relationship banking in financial services are delivered.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FINCAD
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FINCAD
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fincad Comparisons
Competitors of FINCAD
FINCAD operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kyriba, Socure, Alloy, BioCatch and Synctera, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based treasury automation and risk management solutions are provided.
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AI-based identity verification and fraud detection are provided.
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Identity decisioning platform is provided for banks and fintech firms.
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Provider of behavioral biometrics cybersecurity solutions
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Software suite is developed for banks and financial institutions.
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Loan life cycle management platforms are developed for mortgage lenders.
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fincad
Frequently Asked Questions about FINCAD
When was FINCAD founded?
FINCAD was founded in 1990 and raised its 1st funding round 26 years after it was founded.
Where is FINCAD located?
FINCAD is headquartered in Surrey, Canada. It is registered at Surrey, British Columbia, Canada.
Who is the current CEO of FINCAD?
Mark D’Arcy is the current CEO of FINCAD.
Is FINCAD a funded company?
FINCAD is a funded company, having raised a total of $12M across 2 funding rounds to date. The company's 1st funding round was a Debt – Venture of $7M, raised on Jan 06, 2016.
What does FINCAD do?
Founded in 1990 and based in Surrey, Canada, FINCAD operates in the financial software sector. Valuation and risk measurement tools for multi-asset, multi-currency derivative portfolios are developed and supplied. Support for various data formats and integration methods is included. These analytics are applied in areas such as OTC derivative valuation, trading, risk assessment, regulatory compliance, collateral management, and model validation. Assistance with risk measurement initiatives is also provided.
What products or services does FINCAD offer?
FINCAD offers Derivatives Analytics, Front-to-Risk Applications, and Capital Markets Development Platform.
Who are FINCAD's investors?
FINCAD has 4 investors. Key investors include Zafin, Numerix, Wellington Financial, and Vistara Growth.
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