Canoe Intelligence, a financial technology company, has increased its client base by over 150 per cent from last year across our institutional and wealth management segments.
The company said 2020 was a record year in terms of client growth and this achievement marked one of several milestones during the last 12 months.
Some of these milestones included appointing Jason Eiswerth as new CEO, and securing Series A Funding from Nasdaq Ventures, Hamilton Lane among other industry participants.
In July, Canoe partnered with SS&C Technologies over the Black Diamond wealth platform to improve alternative investment processes.
Canoe also expanded its coverage to 6,000 funds in 2020 and processed two million documents, extracting 10 millions data points.
Additionally, the fintech company doubled the size of its team with new hires in engineering, product management and design, client success, sales, and operations roles.
For 2021, Canoe reveals plans to enhance its offering and improve client experience by expanding document ingestion from investor portals, and enhancing extraction capabilities covering more document types and deeper data sets.
It also aims to advance applications of its shared and growing intelligence to facilitate insights and transform legacy processes.
Jason Eiswerth, CEO of Canoe, says: “The Series A Funding we received in February set the tone for 2020 and enabled us to drive substantial enhancements to our technology.”
Eiswerth explains: “This ultimately allowed us to provide an even higher quality experience to our clients, one that sets the foundation for accelerated growth across the institutional investment and wealth management segments.”
“I’m immensely proud of our team for all their hard work that led to our many great accomplishments in 2020. We’re looking forward to building on these successes this year
and providing our clients with additional ways to drive efficiencies in their alternative investment
Processes,” he adds.
