Canadian insurance and investment fintech Equisoft lands $125m in funding
Canadian digital financial solutions provider Equisoft has secured a $125 million equity investment.
Equisoft lands $125m investment
The round saw participation from new investors Investissement Québec and the government of Québec as well as long-time investment partners Export Development Canada (EDC) and Fondaction.
Founded in 1994, Equisoft offers insurance and investment solutions for financial institutions and currently claims to partner 250 companies across 17 countries. Its offerings include SaaS policy administration, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application systems and agency management systems, as well as customer, agent and broker portals.
The tech provider says the new funding will support its ongoing global expansion, both organically and through strategic acquisitions.
Equisoft CEO Luis Romero says Investissement Québec and the government of Québec’s focus on domestic and international growth “is a great fit with our expansion strategy as we look to further develop our global footprint through continued investment in our people, our products and through international acquisitions”.
The cash will also boost the research and development of its integrated life insurance software platform and wealth and asset management products.
