About Technicost
Technicost is a Financial Services company based in Montreal (Canada) founded in 1982, and was acquired by Leaguedata in January 2024. Loan lifecycle management solution. The company has 13 employees. Technicost offers products and services including LOS – Loan Origination, LOS – Decision System, LOS – Online Loan Application, LMS – Loan and Mortgage Systems, and KYC – Know Your Customer Software. Its focus areas include FinTech, Banking Tech, Loan Life Cycle Management and Suite.
Company details
Technicost was founded in 1982 in Montreal, Canada, and operates in the financial technology sector. A loan lifecycle management solution is offered to automate origination and servicing workflows. Key features encompass decision management, online application processing, transaction handling, and risk and compliance oversight. These tools support efficient loan operations for financial institutions across various markets.
- Headquarters Montreal, Canada
- Employees 13
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website technicost.com
- Social LinkedIn X
- Acquired by The Co-operators (Jan 2019)
- InvestorsThe Co-operators
& 1 more
- Employee Count13
- Acquired by
Products & Services of Technicost
Technicost offers a comprehensive portfolio of products and services, including LOS – Loan Origination, LOS – Decision System, LOS – Online Loan Application, LMS – Loan and Mortgage Systems, and KYC – Know Your Customer Software.
System for initiating and processing loans efficiently.
Automates loan approval and risk assessment processes.
Web-based tool for submitting loan requests.
Manages loan and mortgage accounts effectively.
Verifies customer identities for regulatory compliance.
Monitors financial commitments and follow-up activities.
Investors in Technicost
Technicost has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include The Co-operators and League Data.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified insurance services are offered across Canada. | 1945 | cooperators.ca | Guelph, Canada | |
Provides innovative technology and support for credit unions' digital adaptation. | leaguedata.ca | Canada |
Investor details for Technicost
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Timeline of Technicost
3 dated milestones of Technicost across 42 years, from founding to its latest funding, stage changes and deals.
- Founded Technicost is founded.
- Exit Acquired by The Co-operators.
- Exit Acquired by Leaguedata.
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Frequently Asked Questions about Technicost
Technicost was founded in 1982.
Technicost is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Technicost has 13 employees.
Technicost was founded in 1982 in Montreal, Canada, and operates in the financial technology sector. A loan lifecycle management solution is offered to automate origination and servicing workflows. Key features encompass decision management, online application processing, transaction handling, and risk and compliance oversight. These tools support efficient loan operations for financial institutions across various markets.
Technicost offers LOS – Loan Origination, LOS – Decision System, LOS – Online Loan Application, LMS – Loan and Mortgage Systems, and 2 more products and services.
Technicost has 2 investors. Key investors include The Co-operators, and League Data.
Yes. Technicost was acquired by The Co-operators in January 2019.