Flow Capital Corp. has announced a C$15.0 million investment in Common Wealth Pension Services Inc., aimed at enhancing its SaaS platform for group retirement solutions in Canada.

Information on the Target

Common Wealth Pension Services Inc., known as Common Wealth, is a software-as-a-service (SaaS) company that operates within the Canadian group retirement market. The company has established a robust full-stack platform for group retirement plan administration, which is designed to support members in achieving long-term financial security. By offering an intuitive user interface and expert customer support, Common Wealth empowers employers of various sizes to provide attractive retirement benefits, while equipping financial advisors with innovative tools to enhance client engagement and drive the growth of their group retirement services.

Common Wealth currently serves over 1,100 employers across Canada and has experienced rapid adoption, particularly among small and medium-sized businesses (SMBs) and their advisors. Their commitment to accessible retirement solutions is emphasized through their vision of offering a “retirement plan for life” that extends beyond traditional workplace offerings. This mission has been recognized internationally, as evidenced by the company receiving Pensions & Investments’ prestigious global Innovation Award for Best Technology.

Industry Overview in Canada

The SaaS industry has been a powerful driver of digital transformation across Canada, particularly within the financial services sector. As businesses increasingly prioritize technological solutions for efficiency and compliance, there