InvestCloud has completed a recapitalisation that values the business at $1 billion. New financial investors are led by Motive Partners with Clearlake Capital Group and include InvestCloud client shareholders. Under the terms of the agreement, Motive will contribute two portfolio businesses, Finantix and Tegra118, to InvestCloud, creating a global Software-as-a-Service (SaaS) wealth solutions platform. The combined company will offer a wealth advisor platform, private banking platform, financial supermarket, and custom financial platform. InvestCloud CEO John Wise says the recapitalisation will help meet InvestCloud’s ultimate objective of building the world’s largest financial supermarket.
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