Novacap completes funding in Canada’s largest on-line market for monetary companies Ratehub.ca

Novacap completes funding in Canada’s largest on-line market for monetary companies Ratehub.ca

“Ratehub.ca’s intention is to offer customers with a clear and frictionless buying course of, matching particular person buyer wants with essentially the most appropriate merchandise and repair suppliers. With the Novacap workforce on board, we are able to construct on our momentum and speed up our progress, each organically and thru acquisitions,” stated, James Laird Co-Chief Govt Officer of Ratehub.ca.

“I’m excited concerning the potential this new partnership opens up for our staff and prospects. Our dedication is to offer the perfect decision-making instruments and merchandise to assist customers make higher monetary choices. This partnership is a vital step for Ratehub.ca and the following step solidifying Ratehub.ca’s place within the monetary expertise trade.” stated Alyssa Furtado, Co-Chief Govt Officer of Ratehub.ca.

”When Alyssa and James launched Ratehub.ca, they recognized an underserved market, pioneered a brand new enterprise mannequin and created a formidable model. Right now, Ratehub.ca helps hundreds of thousands of Canadians obtain their monetary targets, paving the way in which for house possession and different vital tasks by offering entry to credit score and monetary options in a easy, cost-effective and user-friendly method,” stated Marcel Larochelle, Managing Companion of Novacap. ”We’re a pure match, sharing the identical entrepreneurial spirit and fervour for implementing modern options.”

“In gentle of accelerating mortgage charges, following the Financial institution of Canada’s current charge hikes, Ratehub.ca is nicely positioned to proceed serving to households via the renewal course of, in addition to with new house purchases,” stated Rajiv Bahl, Senior Companion at Novacap. “We look ahead to working with the administration workforce to develop the attain and buyer base of Ratehub.ca. “

Evercore acted as monetary advisor, and Osler, Hoskin & Harcourt LLP acted as authorized advisor to Ratehub.ca

McCarthy Tétrault LLP acted as authorized counsel to Novacap.

About Ratehub.ca

Based in 2010, Ratehub.ca helps hundreds of thousands of Canadians make smarter monetary choices by offering them with highly effective decision-making instruments, market insights and aggressive charges. An innovator within the on-line mortgage area and a pioneer of the monetary market, Ratehub.ca is the primary comparability service to include an in-house mortgage dealer (the award-winning Ratehub.ca Mortgage Dealer, previously often called CanWise Monetary). Ratehub.ca continues its progress path and its provide at the moment contains house and auto insurance coverage quotes, bank card comparisons, GIC and chequing account functions, and extra. Be taught extra by visiting www.ratehub.ca.

About Novacap

Based in 1981, Novacap is a number one North American personal fairness agency with over C$8B of AUM that has invested in additional than 100 platform firms and accomplished greater than 150 add-on acquisitions. Making use of its sector-focused method since 2007 in TMT, Industries and now Monetary Companies, Novacap’s deep area experience can speed up firm progress and create long-term worth. With skilled, devoted funding and operations groups in addition to substantial capital, Novacap has the sources and data that assist construct world-class companies. Novacap has places of work in Brossard, Québec and Toronto, Ontario. For extra info, please go to www.novacap.ca.

SOURCE Novacap Administration Inc.

Novacap completes funding in Canada’s largest on-line market for monetary companies Ratehub.ca

For additional info: Media Inquiries: Yasmine Sardouk, Novacap, 1-514-299-1669, [email protected]

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