Original News Release
Flow Capital to invest $15-million in Common Wealth
Mr. Alex Baluta reports
FLOW CAPITAL ANNOUNCES A C$15.0M INVESTMENT IN COMMON WEALTH
Flow Capital Corp. has arranged a $15.0-million senior secured note in Common Wealth Pension Services Inc. (doing business as Common Wealth), a software-as-a-service company serving the Canadian group retirement market, with a first tranche advance of $4.0-million.
Common Wealth offers a modern full-stack platform for group retirement plan administration. With a user-friendly interface and expert support, the platform empowers members to build long-term financial security, enables employers of all sizes to offer competitive retirement benefits, and equips advisers with tools to better serve clients and accelerate the growth of their group retirement practices.
Flow Capital's investment will support CommonWealth in accelerating product innovation, expanding its customer base and scaling operations, advancing the company's mission to make retirement security accessible to everyone in Canada.
Growing technology companies seeking flexible, covenant-light, founder-friendly growth capital are encouraged to apply directly at the company website.
About Common Wealth Pension Services Inc.
Common Wealth is driven by its mission to make retirement security accessible to everyone, currently serving over 1,100 employers across Canada, with especially rapid adoption among SMBs (small, medium-sized businesses) and the advisers who serve them. Common Wealth's vision is to provide its members with a retirement plan for life that extends beyond the workplace, and to offer its advisor partners the best platform to power the growth of their businesses. Common Wealth's retirement technology platform has been awarded Pensions & Investments' Global Innovation Award for Best Technology.
About Flow Capital Corp.
Flow Capital is a publicly listed provider of flexible growth capital and alternative debt solutions dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the United States, the United Kingdom and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, venture-capital-backed and founder-owned companies seeking growth capital to drive their continued expansion.
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