Canoe Intelligence and Mammoth Technology Partner to Unlock End-to-End Visibility for Alts Investors
NEW YORK, April 17, 2024 – Canoe Intelligence (“Canoe”), the platform for smarter alts management, and Mammoth Technology, a cutting-edge financial technology solutions provider bridging the gap between investors, financial advisors, and fund managers, today announced an integration partnership aimed at empowering mutual clients to efficiently manage and optimize their end-to-end alternative investment portfolios.
Mammoth Technology is Canoe’s first partnership with a fund marketing and access platform, facilitating seamless integration of data across clients’ pre- and post-investment workflows across Mammoth and Canoe. Serving as both an “upstream” and “downstream” integration partner, Mammoth acts as a conduit for documents and ownership data entering Canoe’s platform when investments are made through Mammoth’s technology, while also receiving ongoing documents and extracted data from Canoe.
Mammoth Technology was born out of the need for better digital onboarding and client reporting documents for a venture capital firm led by wealth management industry executives. Their technology creates transparency for GPs and LPs through an intuitive, integrated, customized platform and alts management services.
“Mammoth is revolutionizing the way fund managers, financial advisors, and founders create and service funds to enhance the investor experience. Looking at Canoe’s objective to redefine the future of alternative investments, the partnership between our firms is a natural fit,” said Steve Zuschin, Chief Revenue Officer of Mammoth Technology. “Many of our clients also already use Canoe for ‘maker’ services, and we have been providing the ‘checker’ services that complement the data Canoe has processed. By creating this formal partnership, we look forward to expanding this relationship and collaborating to deliver even more value to our mutual clients—current and future.”
Over 300 institutional investors, asset servicers, capital allocators, and wealth managers leverage Canoe Intelligence to automate their most time-consuming manual alternative investment processes. The Canoe Partner Program is designed to create a seamless experience for clients with a system-agnostic, client-first approach to integrations.
“When we met the Mammoth team, we immediately saw the synergies between our two platforms,” said Kim Raymonde, Director of Partnerships and Integrations at Canoe Intelligence. “Our companies are aligned in our commitments to bringing purpose-built technology to the alternative investments industry. With Mammoth focused on the pre-investment workflows and Canoe solving for the post-investment workflows, we are excited to see how this uniquely bidirectional partnership helps to streamline the end-to-end process for our mutual clients and support new use cases. From investment selection and subscription to portfolio management, reporting, and cash flows, we expect our respective client bases to realize great value when implementing our technologies in tandem.”
Last month, Canoe announced the commercial launch of Canoe Asset Data, an innovative solution to the industry-wide challenge of accessing and using complete, timely, and accurate asset-level data. Toward the end of 2023, Canoe released a number of new product offerings, including Canoe Pro, a comprehensive solution that integrates expert services into the client experience. These product developments build upon Canoe’s recent successes, including 100% year-over-year growth in 2023. Canoe continues to advance operational excellence through the expansion of its platform and product suite, exemplifying its commitment to innovation and industry-leading product development in the alternative investment industry.
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About Canoe Intelligence
Canoe Intelligence (“Canoe”) is a financial technology company dedicated to advancing alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms. Canoe empowers clients with technology, data, and insights to manage alternative assets more efficiently, accurately, and confidently. With a commitment to innovation and excellence, Canoe is redefining the future of alternative investment data management.
About Mammoth Technology
Mammoth Technology provides cutting-edge financial technology solutions that empower Registered Investment Advisors and Fund Managers to streamline their operations and enhance client service. With a focus on innovation and personalized support, Mammoth Technology continues to push the boundaries of what’s possible in the financial technology landscape.
MEDIA CONTACTS:
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com
Steve Zuschin
Mammoth Technology
+1 347-417-2588
steve@mammothtechnology.com