PureFacts Funds University of Guelph Scholarships
To support the next generation of tech and business leaders, wealthtech firm, PureFacts Financial Solutions has created entrance scholarships in partnership with the Lang School of Business and Economics and the College of Engineering and Physical Science (CEPS) at Guelph University. The scholarships will be awarded to students in the respective colleges over a five-year period. The donation is the first initiative in the firm’s newly developed PurePossibilities philanthropic program. These scholarships are our way of recognizing that not everyone has the same level of access to university education and that lack of finances can prevent outstanding young people from living their best lives Rob Madej, Founder and CEO of PureFacts “We developed the PurePossibilities program to address what we see, in society today: a growing divide between people who have money and those that do not. This is our first initiative under the PurePossibilities banner, and we are really excited to have partnered with the University of Guelph to get started on our chosen mission, helping outstanding people who need a hand-up, live their best lives” says Rob Madej, Founder and CEO of PureFacts. “We also plan to develop a mentorship network for the students to partner with PureFacts staff to receive not only financial support but leadership and career guidance as well.” Beginning in the fall of 2021, the two scholarships will be awarded annually to one (1) student entering Lang’s Bachelor of Commerce program and one (1) student entering CEPS’s Bachelor of Computing (Computer Science, Software Engineering majors), or Bachelor of Engineering (Computer Engineering, Engineering Systems and Computing majors), or Bachelor of Arts or Bachelor of Science (Mathematical Science major) program. Recipients of this scholarship must possess a minimum of 80% admission average as well as demonstrated engagement in the community in a leadership role and financial need. We are very thankful to have the support of PureFacts in investing in the future leaders of Canada’s economy CEPS interim dean Dr. Gerarda Darlington. “Lang and CEPS students will benefit from this meaningful support to help them pursue higher education and focus on their studies.” Selection of the scholarship recipient will also be based on the student’s demonstrated leadership through their extracurricular and entrepreneurial activities. “The goal of the PureFacts scholarship aligns well with our mission of developing leaders that use business as a force for good,” says Lang’s dean Lysa Porth. “The scholarships also send the message to our students that they have support from both the University of Guelph and the business community.” The mission of PurePossibilities is to provide assistance in three key pillars: essential needs, education and employment, creating the flywheel effect one step and one person at a time Rajini McRae, President of PureFacts “We are very motivated to support and give back in this way for millions over time; when we have the basic needs in life, followed by education and employment; we are in a place to help those in need get a leg up. Over time we dream of the possibilities we can create for many”For more information on the PureFacts Scholarships, visit the Student Financial Services website (BComm Scholarship) (CEPS Scholarship). About PureFacts Financial Solutions PureFacts is a leader in mission-critical wealth management solutions for the financial services industry in Canada, U.S., UK, and Asia Pacific. The company uses artificial intelligence and machine learning to help firms grow revenue, reduce costs, manage risk, and delight their customers.
PureFacts closes $20 million financing round
PureFacts Financial Solutions, a leading global WealthTech provider of fees, reporting and AI-powered predictive analytics solutions, is pleased to announce it has closed a CAD $20 million financing from Scotiabank and Round 13 Capital. The financing, which builds on existing relationships with Scotiabank and Round 13 Capital, will facilitate PureFacts’ aggressive global growth plans and fund potential acquisitions, including the recently announced acquisition of Quartal Financial Solutions. The financing will also accelerate product development and expand sales and marketing efforts. The round is the first institutional investment for privately held PureFacts, which has been self-funded since its founding in 2010. Since then, the company has experienced exponential growth, including a 152 per cent increase in year over year revenue when considering its recent acquisitions and aggressive organic growth. This investment builds on an exceptional year for PureFacts that saw the acquisition of Boston-based VennScience and Zurich-based Quartal Financial Solutions to become a truly global firm. The company also announced key executive appointments including Rajini McRae, a former Royal Bank of Canada executive as President, and it launched its AI-based predictive analytics product platform. “As a client-centric firm, our search for financial partners has focused on ensuring that our corporate values are aligned and that our clients’ interests are front and centre. We are very excited to be partnering with Scotiabank and Round 13 Capital as they showed tremendous flexibility in creating a win/win scenario. Having their financial support and expertise will help us service our clients around the globe, execute on our vision and fuel our continued growth plans.” – Robert Madej, PureFacts Founder & CEO PureFacts has won several prestigious industry awards in 2020, including being recognized amongst the world’s top 100 most innovative WealthTech companies as a WealthTech100 award winner. PureFacts was also named a Great Canadian Innovator for its AI solutions in the Financial Services category by Microsoft Canada. “PureFacts is the market leader, with a reputation for providing exceptional software and service to its customer. We are excited to fund the next leg of growth and look forward to working closely with an exceptional management team to help achieve their goals.” – Bruce Croxon, Co-Founder, Round 13 Capital About PureFacts Financial Solutions Ranked a WealthTech100 Company and Great Canadian Innovator, PureFacts provides enterprise wealth management and asset management solutions for the financial services industry in Canada, United States, Europe, Asia Pacific, Middle East and Africa. PureFacts’ mission is to create meaningful wealth solutions that help people live their best lives. They provide their clients with transformational WealthTech solutions to future-proof their business and accelerate growth by leveraging their expertise in wealth management data aggregation, complex calculations, artificial intelligence and machine learning. purefacts.com. About Scotiabank Scotiabank is a leading bank in the Americas. Guided by their purpose: “for every future”, they help customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of over 90,000 employees and assets of approximately $1.2 trillion (as at July 31, 2020), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, visit and follow them on Twitter @ScotiabankViews. www.scotiabank.com About Round 13 Capital Round 13 Capital is a Toronto-based venture capital firm that invests in growth-stage technology businesses. The firm is managed by experienced investors and operators. It uses a disciplined investment approach to identify exceptional entrepreneurs running companies with market leadership potential. Round 13 works ‘hands-on’ with its portfolio companies to unlock strategic and financial value.www.round13.com Contact: Gerard DanielsCFO and Head of Corporate Developmentgerard.daniels@purefacts.com As seen on:BusinessWire | National Post