About QuIC Financial Technologies
QuIC Financial Technologies is a Financial Services company based in Vancouver (Canada) founded in 1998, and was acquired by IHS Markit in January 2011. Risk management and analytics platforms are provided for financial institutions. It operates in the Financial Services and Technology sectors. QuIC Financial Technologies has raised $10 million across 1 funding round from investors including GrowthWorks Capital, Ventures West and Springbank. The company was acqui-hired. Its focus areas include FinTech, Investment Tech, Wealth Management IT and Risk Management.
Company details
QuIC Financial Technologies was founded in 1998 in Vancouver, Canada, within the financial technologies sector. Simulation, risk calculation, and pricing platform solutions are developed for financial institutions and companies. The QuIC product suite is offered, including the QuIC Engine for high-performance desktop computing, QuIC Script as a vector-based language for financial modeling, and QuIC Analytics for instruments such as interest rate derivatives, equities, commodities, hybrids, asset-backed securities, and credit derivatives.
- Headquarters Vancouver, Canada
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website quic.com
- Social LinkedIn X
- Acquired by IHS Markit (Jan 2011)
- Total Equity Funding$10M (USD)
in 1 rounds
- Latest Funding Round$10M (USD), Series B
Jan 2006
- InvestorsGrowthWorks Capital
& 4 more
- Acquired byIHS Markit
(Jan 2011)
Funding Insights of QuIC Financial Technologies
QuIC Financial Technologies has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series B round of $10 million completed in January 2006. 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 $10M
- Total Rounds 1
- Last Round Series B — $10M
- First Round $10M
(Jan 2006)
- Investors Count 4
All 1 funding rounds of QuIC Financial Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2006 | $10M | Series B | – | JMI Management |
5 investors in total: 5 institutional.
Investors in QuIC Financial Technologies
QuIC Financial Technologies has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include GrowthWorks Capital, Ventures West and Springbank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Stage-agnostic sector-agnostic VC firm investing in Canada and the US | growthworks.ca | Vancouver, Canada | ||
Early-stage investments in Canadian companies are made by Ventures West. | ventureswest.com | Vancouver, Canada | ||
Private equity firm investing in software companies | jmi.com | Baltimore, United States | ||
| springbankcapital.com | ||||
Financial data, ratings, and commodity insights are provided by S&P Global. | markit.com |
Investor details for QuIC Financial Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Timeline of QuIC Financial Technologies
3 dated milestones of QuIC Financial Technologies across 13 years, from founding to its latest funding, stage changes and deals.
- Founded QuIC Financial Technologies is founded.
- Funding First funding round of $10.0M.
- Exit Acquired by IHS Markit.
Web traffic of QuIC Financial Technologies
Websites that share an audience with QuIC Financial Technologies (quic.com).
Websites whose visitors overlap most with QuIC Financial Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fincad.com | 25% | View details |
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Frequently Asked Questions about QuIC Financial Technologies
QuIC Financial Technologies was founded in 1998 and raised its 1st funding round 8 years after it was founded.
QuIC Financial Technologies is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
QuIC Financial Technologies is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series B of $10M, raised on Jan 2006.
QuIC Financial Technologies was founded in 1998 in Vancouver, Canada, within the financial technologies sector. Simulation, risk calculation, and pricing platform solutions are developed for financial institutions and companies. The QuIC product suite is offered, including the QuIC Engine for high-performance desktop computing, QuIC Script as a vector-based language for financial modeling, and QuIC Analytics for instruments such as interest rate derivatives, equities, commodities, hybrids, asset-backed securities, and credit derivatives.
QuIC Financial Technologies has 5 investors. Key investors include GrowthWorks Capital, Ventures West, Springbank, JMI Management, and S&P Global.
Yes. QuIC Financial Technologies was acquired by IHS Markit in January 2011.