CapIntel raises $11 million

CapIntel, a Canadian financial technology company looking to improve day-to-day workflow and fund analysis for financial advisors, has raised $11 million in Series A funding led by FinTech Collective, with participation from Fengate Asset Management on behalf of its investor, the LiUNA Pension Fund of Central and Eastern Canada.

Launched in 2019, CapIntel’s solution solves two challenges for advisors. The first is the necessity for advisors to focus on engaging and presenting investment solutions to clients. The second challenge is the preparation of investment proposals. CapIntel is used by 10,000+ advisors serving over two million households, including three of the top five Big Banks in Canada.

Since launching its platform in 2019, CapIntel experienced nearly 800% revenue growth in 2021, following a 640% growth in 2020. The team 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.

“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 fulfill 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.” – James Rockwood, founder and CEO of CapIntel.

“As advised assets under management have more than doubled in the past decade – crossing the $100 trillion mark in 2020 – the advisor community is regaining its momentum. In an increasingly complex market backdrop of persistent volatility and expansive investment optionality, we are entering a golden era of enhancing digital tools that advisors can leverage across their client experiences.” – James Rockwood, Founder and CEO of CapIntel.