Common Wealth, a Canadian SaaS firm, has raised C$15m in funding to accelerate product development and expand its customer reach, led by Flow Capital.

Aug 01, 2025•28 days ago

Amount Raised

$15 Million

TorontoFintechFinanceEmployee Benefits

Investors

Flow Capital

Description

Common Wealth, a Canadian SaaS company focused on group retirement plans, has secured C$15m in funding. The investment, structured as a senior secured note, aims to advance product development and expand operations. With this funding, Common Wealth strives to enhance retirement security accessibility across Canada. The firm currently supports over 1,100 employers nationwide.

Company Information

Company

Common Wealth Retirement

Location

Toronto, Ontario, Canada

About

Common Wealth Retirement is a fast-growing fintech company that is on a mission to make it possible for every Canadian to achieve a financially secure retirement. The firm provides an efficient, straightforward retirement planning and saving experience powered by a modern online retirement platform for a 21st century workforce. Recognized internationally for its innovation in plan design, Common Wealth Retirement collaborated with SEIU Healthcare to create the first retirement plan in Canada for lower- and moderate-income workers and more recently partnered with the Ontario Medical Association to design the first group retirement income plan in the country focused on the needs of physicians.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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