Financial details of the deal remain confidential. Credit: Freedomz/Shutterstock.

Canada-based wealth-tech company Infinite Investment Systems has received a majority investment from private equity firm J.C. Flowers.

Financial details of the deal remain confidential.

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Infinite serves the Canadian wealth management sector, offering them portfolio management solutions.

The company plans to use the latest infusion to support its next phase of development, aimed at meeting evolving market requirements.

It will utilise the capital to expand its product line-up, improve its services, as well as deepen its footprint in Canada and internationally.

Infinite’s flagship proposition, Harmony, is said to help financial institutions handle the investments of their clients with “precision”.

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Infinite CEO Ali Zahedi said: “We are very committed to our clients and to this industry, and we have a grand vision for Infinite’s future. This partnership with J.C. Flowers represents more than just financing.

“It represents a partnership with great people of extremely high standards. Louis is an iconic figure, and his guidance will be invaluable.”

J.C. Flowers operating partner and former CEO of National Bank of Canada Louis Vachon, alongside managing director and co-president Eric Rahe, will join the Infinite board of directors.

Vachon and Rahe said: “We believe our partnership will better position Infinite to continue to expand its product offerings and serve a broader range of financial institutions, wealth managers, and investment professionals across North America and internationally.”

Established in 1998, J.C. Flowers has channelled over $18bn of capital, including co-investments, into 67 companies across 18 countries, covering various subsectors such as banking, insurance, securities, specialty finance, and asset management.