Portage is a global investment platform focused on fintech and financial services with over US$4.7B under management, 115+ portfolio companies, and 25+ investment professionals. Our firm has offices in Canada, the United States, Europe, and the Middle East.
The investment was led by Portage with participation from State Street, management, and existing shareholders.
"We are pleased to announce this funding round which reflects the strong progress and momentum within ZILO™. Since we went live in 2023 with our proprietary platform, ZILO™ Global Core, we have successfully secured and onboarded two of the top five global custodians and a top five global asset manager within a relatively short period, demonstrating the institutional confidence in our platform to deliver industry changing efficiencies. We see strong pipeline growth for 2025 and 2026, with focus on onboarding new clients and launching innovative products. I would like to thank all our existing investors and the team at ZILO™ for their support in this funding round"
— Philip Goffin, Founder and Chief Executive Officer
The oversubscribed round will support product development and international expansion for the asset management software provider.
"We are focusing on empowering financial service institutions to remove outdated legacy technologies and dramatically improve the cost efficiencies of their operations by using ZILO™ to transform to a modern digital solution supporting existing fund structures, new digital assets and improving client experiences."
— Philip Goffin, Founder and Chief Executive Officer
The seed round was co-led by Portage and Backed to support international expansion and product development.
"Lopay’s mission has resonated with thousands of small businesses and sole traders who are being squeezed simultaneously by high inflation and fragile customer demand."
