CIBC Innovation Banking provided credit facilities to support Vertu’s strategic investment in Toronto-based LumiQ, a leading technology-enabled education platform offering accredited professional development courses and content to accounting and finance professionals. Founded in 2016, LumiQ works with over 1,000 corporate and accounting firms across North America.

“CIBC Innovation worked hard to find the right solutions to our financing needs. And we are confident that the CIBC Innovation Banking team will continue to work with us to address our changing needs as the company scales,” said Michael Kravshik, CEO of LumiQ. “It’s that kind of collaborative attitude that has left us with the utmost confidence."

“We are thrilled to work with Vertu and the LumiQ team as they continue to build and expand upon their market-leading position," said Oleg Dudchenko, Executive Director, CIBC Innovation Banking. “LumiQ is well positioned to continue its growth in an exciting and dynamic space, providing quality content for its customers through its proprietary platform.”