News Briefs

Financial digital solutions provider Equisoft grabs C$125m in funding

The investors included Investissement Québec, the Quebec government, Export Development Canada and Fondaction.

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  • Founded in 1994, Equisoft provides its solutions to life insurance, wealth and asset management firms
  • The funds raised will contribute to the company’s global expansion, both organically and through strategic acquisitions
  • They will also accelerate further development of its integrated life insurance software platform and wealth products to better serve its global customer base

Equisoft, a Montreal-based provider of digital solutions to the financial services industry, has secured C$125 million in financing.

The investors included Investissement Québec, the Quebec government, Export Development Canada and Fondaction.

Founded in 1994, Equisoft provides its solutions to life insurance, wealth and asset management firms. In the past 10 years, it reports experiencing double-digit organic growth and today serves more than 250 financial institutions in 17 countries

The funds raised will contribute to the company’s global expansion, both organically and through strategic acquisitions. They will also accelerate further development of its integrated life insurance software platform and wealth products to better serve its global customer base.

“Digital transformation and customer experience projects are no longer optional,” said Equisoft CEO Luis Romero in a statement. “Equisoft’s mission is to help companies through this process – at any stage of digital maturity – by delivering the most trusted solutions for complex financial services challenges. Our customer focused approach has enabled us to gain the confidence of some of the largest financial institutions around the world.”

Fondaction is a Quebec labour-sponsored investment fund headquartered in Montreal. “For Fondaction, supporting Equisoft at every stage of its growth since 2008 is also about strengthening Montreal’s Fintech ecosystem and contributing to its international standing,” said Geneviève Morin, CEO of Fondaction.

RBC Capital Markets served as financial advisor to Equisoft on this transaction.