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PureFacts company logo
Corporation
SOFTWARE (NON-INTERNET/MOBILE) | Asset & Financial Management & Trading Software
purefacts.com

Partners & Customers

5

About PureFacts

PureFacts provides financial asset management services. It offers enterprise wealth management and asset management solutions for financial services. The company was founded in 2010 and is based in Toronto, Canada.

Headquarters Location

48 Yonge Street 400

Toronto, Ontario, M5E 1G6,

Canada

888-596-9338

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Latest PureFacts News

PureFacts to help power BNY Mellon Pershing X’s wealth management platform Wove for advisors

Jun 8, 2023

Toronto, Ontario, CANADA TORONTO, June 08, 2023 (GLOBE NEWSWIRE) -- PureFacts Financial Solutions, a leader in revenue management solutions for the investment management industry, today announced that its fee and billing calculation engine will be added to the Wove wealth management platform of Pershing X, a technology provider and new business unit of BNY Mellon. With the addition of PureFacts, wealth management firms using the Pershing X platform will be able to better account for every dollar of value, with less overhead and more automated, accurate, and repeatable workflows. “The time is right for PureFacts to be collaborating with the team at Pershing X,” said Robert Madej, Founder and CEO of PureFacts Financial Solutions. “The digital transformation underway in wealth management is happening swiftly and during a time when the global financial landscape has undergone many profound changes itself.” “The combined power of PureFacts and BNY Mellon Pershing X’s new digital wealth platform, Wove, will help ensure wealth management firms have access to the best solutions—like the daily fee reporting and advanced analytics PureFacts provides—through one interconnected experience,” said Noam Tasch, Head of Revenue, BNY Mellon’s Pershing X. PureFacts’ end-to-end revenue management platform is the only solution that does true daily calculations, providing: Automated allocations and reconciliation of transactions, holdings, and / or assets Automated calculation of receivable and payable fees Automated asset classification and AI-powered error detection Customizable solutions able to handle any rule, condition, exclusion, or exception, including flexible rebate and discount management Easy-to-understand reports and dashboards, with actionable insights PureFacts is changing the financial services game globally. This announcement comes on the heels of the company’s spring 2023 acquisition of Xtiva Financial Systems, a New York based technology firm in the wealth management industry. ABOUT PUREFACTS FINANCIAL SOLUTIONS Founded in 1997, PureFacts Financial Solutions is an award-winning provider of revenue management solutions for the investment industry. Serving over 120 clients with a combined 10 trillion in assets under management, PureFacts’ wealth-tech solutions help some of the largest and most recognizable wealth management firms and financial institutions grow revenue through better management of fees and actionable, data driven insights. Its solutions help firms retain clients, deliver high quality advice, improve productivity, properly incentivize advisor performance, and prevent costly mistakes. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence, most recently receiving the WealthTech100, AIFinTech100, and ESGFinTech100 awards. For more information, visit www.purefacts.com ABOUT PERSHING X Pershing X, Inc. is a technology provider focused on delivering the most interoperable and data-driven suite of advisory tools in the wealth management industry. Pershing X technology, including the Wove platform, is designed to create an effortless and intuitive experience that is integrated with multiple leading custodians. This allows wealth management professionals to focus their time on the business of advice, not technology, in order to maximize efficiency and optimize the experience for every client. Investment advisory solutions, if offered, may be provided by BNY Mellon Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940 or one or more affiliates of BNY Mellon. Pershing X is an affiliate of Pershing LLC, each BNY Mellon companies. Pershing and Pershing X do not provide investment advice. Additional information is available on pershingx.com. MEDIA CONTACT

PureFacts Acquisitions

4 Acquisitions

PureFacts acquired 4 companies. Their latest acquisition was Xtiva on March 30, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/30/2023

Other

$99M

$10M

Acquired

2

11/17/2020

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$99M

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10

5/7/2020

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$99M

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10

6/1/2019

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$99M

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0

Date

3/30/2023

11/17/2020

5/7/2020

6/1/2019

Investment Stage

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

$10M

Note

Acquired

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Sources

2

10

10

0

PureFacts Partners & Customers

5 Partners and customers

PureFacts has 5 strategic partners and customers. PureFacts recently partnered with FutureVault on March 3, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

3/31/2022

Partner

Canada

Follow us on Twitter Follow us on Facebook Follow us on LinkedIn PureFacts partners with FutureVault to securely automate delivery of financial statements

The FutureVault Inc. and PureFacts Financial Solutions integration is currently live and in use by several firms and remains readily available to existing FutureVault Inc. and PureFacts Financial Solutions customers .

1

7/1/2021

Partner

United States

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0

6/1/2021

Partner

Canada

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0

2/1/2019

Partner

United States

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0

2/1/2019

Partner

United States

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0

Date

3/31/2022

7/1/2021

6/1/2021

2/1/2019

2/1/2019

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Canada

United States

Canada

United States

United States

News Snippet

Follow us on Twitter Follow us on Facebook Follow us on LinkedIn PureFacts partners with FutureVault to securely automate delivery of financial statements

The FutureVault Inc. and PureFacts Financial Solutions integration is currently live and in use by several firms and remains readily available to existing FutureVault Inc. and PureFacts Financial Solutions customers .

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Sources

1

0

0

0

0

PureFacts Team

10 Team Members

PureFacts has 10 team members, including current Founder, Chief Executive Officer, Robert Madej.

Name

Work History

Title

Status

Robert Madej

Founder, Chief Executive Officer

Current

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Name

Robert Madej

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Work History

Title

Founder, Chief Executive Officer

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Status

Current

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