Halifax-based The Money Finder has raised a $1.5 million seed round from Build Ventures, with participation from Innovacorp.
The Money Finder said the funding will be used primarily for product development. The Money Finder provides software solutions that allow financial professionals to generate written standardized cash flow plans. The company promises that with its platform, financial professionals will be able to help clients have proper cash flow going into retirement.
“Our team has bootstrapped everything to this point. We’ve built a product that the market wants and people need,” said Stephanie Holmes-Winton, founder and CEO of The Money Finder. “With this seed funding, we can add more technical resources to our team to take the product to the next level for enterprise scale clients.”
Rob Barbara, a managing partner at Build Ventures who will be joining The Money Finder’s board, said Holmes-Winton and her team have built a “strong business.”
“Their product is used by hundreds of financial professionals across North America, and they have already hit a significant recurring revenue milestone. We are confident they can continue to grow and expand their market,” said Barbara.
Build Ventures also led The Money Finder’s $1.75 million funding in February, which the company said would be used towards expanding its 16-person team with developers dedicated to building out its enterprise solution. Innovacorp invested $250,000 in the company in September 2016.
