PureFacts announces the closing of a $37m financing round

By Edlyn Cardoza

PureFacts Financial Solutions announces the closing of $37 million in strategic financing from Canadian Business Growth Fund (CBGF), The Bank of Nova Scotia and Round13 Capital. With this investment the PureFacts team is excited to progress into its next phase of growth. The funds will be used to accelerate product development and make further strategic acquisitions.

A recognized WealthTech leader, PureFacts Financial Solutions provides revenue management and insights driven wealth accumulation and deaccumulation solutions to the financial services industry. PureFacts provides transformational solutions to wealth and asset managers, banks, insurance companies and custodians, in Canada, Europe, UK, APAC and the U.S., that help them future proof their businesses and accelerate their growth.

“This is an incredible milestone for our company. I am honoured to have the trust and support of our financial partners – Scotia Bank, CBGF and R13. We are excited by the opportunity to continue to grow and serve our stakeholders by bringing market leading wealth solutions to the financial services industry. I am humbled and thankful. This is a new chapter for PureFacts,” says Rob Madej, Founder and CEO of PureFacts Financial Solutions.

“The Canadian Business Growth Fund invests in companies that it believes will be the next generation of growth in Canada. PureFacts is such an organization, focused on the success of its financial clients. The wealth solutions that PureFacts provides have supported enterprise clients over the long haul. This is a highly innovative and credible team. We are excited to invest in them and help accelerate their growth,” says George Rossolatos, CEO of Canadian Business Growth Fund.

The funding round consisted of a combination of equity and financing, with CBGF as the lead investor.