CapIntel pulls in $11m to fuel US expansion

CapIntel, a FinTech that strives to improve day-to-day workflow and fund analysis for financial advisors, has raised $11m in Series A funding led by New York-based FinTech Collective.

Fengate Asset Management also participated in the round, on behalf of its investors, the LiUNA Pension Fund of Central and Eastern Canada.

The Canadian FinTech is on a mission to “elevate personal finance” and help families meet their financial goals. Its platform aims to help advisors provider a better service to their clients.

Following this latest round of funding, CapIntel said it plans to hire at least 150 new team members over the next two years, focused on building out the sales and product teams after the recent expansion into the US market.

CapIntel said its solutions solves two key challenges to advisors in the wealth management industry. The first is the necessity for advisors to focus on engaging and presenting investment solutions to clients, in addition to financial planning. Advisors’ ability to communicate recommendations efficiently and transparently to clients has become increasingly importing in building trust.

The second challenge, according to CapIntel, is the often-tedious preparation of investment proposals. The company said proposals that are easy to build, easy to understand, and easy to talk about can lead to better outcomes for advisors and clients alike. CapIntel is used by more than 10,000 advisors serving more than two million households, including three of the top five Big Banks in Canada.

James Rockwood, founder and CEO of CapIntel, said, “The wealth management industry continues to benefit from technology to enhance client experiences, and we’re excited to be at the forefront of this transformation.

“This round of funding will further fuel a steady and sustainable growth for CapIntel and help us fulfil our ultimate mission to build wealth for all. Our partnership with TPFG is another market proof point that not only demonstrates the value of our product, but points to a larger trend of financial firms seeking tools to help advisors thrive in a digital world.”

Digital wealth management solution developer for financial solutions, Quantifeed, recently raised Series C funding. Not entirely dissimilar to CapIntel, the company is on a mission to make wealth management services more customer centric and easy.

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.