Compliance technology firm FundApps announced it
secured a significant growth equity investment from FTV Capital to support its
global expansion and product development. The deal comes as financial institutions face pressure to comply with increasingly complex regulations across multiple
jurisdictions.
The investment will help FundApps scale its regulatory
compliance platform, which currently serves more than 160 clients across North
America, EMEA, and Asia.
Targeting Potential Acquisitions
According to the company’s announcement, FundApps
plans to use the capital to enhance its product suite through organic
development and potential acquisitions.
Founded in 2010, FundApps offers cloud-based software
that automates shareholding disclosure and position limit monitoring. Its tools
are used by asset managers, hedge funds, pension funds, and banks to stay
compliant with regulatory rules spanning over 100 jurisdictions. The company’s
platform covers over $29 trillion in assets under management.
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“This strategic investment is a powerful validation of
our differentiated offering and strong growth to date, and we’re thrilled to be
partnering with the FTV team for this next chapter,” commented Andrew Patrick
White, Founder and CEO of FundApps.
“FTV brings not only capital to support our ambitious
growth plans, but also deep expertise in our industry and access to a global
network of blue-chip buy and sell-side institutions, both of which will be
integral as we continue to scale our platform and strengthen our position
across the financial ecosystem.”
The deal also marks a complete exit for previous investor
Scottish Equity Partners. Financial terms were not disclosed.
FTV Capital Deepens Presence in European RegTech
Market
FTV Capital, a U.S.-based growth equity firm with over
$10 billion in assets under management, is expanding its footprint in Europe.
The firm recently appointed Richard Earnshaw as partner to lead its European
investments and has made several recent bets in the region, including stakes in
Windward, N2F, and Validus.
Bernstein, Earnshaw, and Max Weber of FTV Capital will join the FundApps board of directors as part of the deal. FundApps is used by both buy- and
sell-side firms, and includes a rule engine that integrates regulatory updates and
peer-reviewed best practices. Its clients rely on the service to monitor
compliance risks and meet regulatory deadlines.
Compliance technology firm FundApps announced it
secured a significant growth equity investment from FTV Capital to support its
global expansion and product development. The deal comes as financial institutions face pressure to comply with increasingly complex regulations across multiple
jurisdictions.
The investment will help FundApps scale its regulatory
compliance platform, which currently serves more than 160 clients across North
America, EMEA, and Asia.
Targeting Potential Acquisitions
According to the company’s announcement, FundApps
plans to use the capital to enhance its product suite through organic
development and potential acquisitions.
Founded in 2010, FundApps offers cloud-based software
that automates shareholding disclosure and position limit monitoring. Its tools
are used by asset managers, hedge funds, pension funds, and banks to stay
compliant with regulatory rules spanning over 100 jurisdictions. The company’s
platform covers over $29 trillion in assets under management.
You may also like: Following NinjaTrader Acquisition, Kraken Opens Access to CME-Listed Crypto Futures
“This strategic investment is a powerful validation of
our differentiated offering and strong growth to date, and we’re thrilled to be
partnering with the FTV team for this next chapter,” commented Andrew Patrick
White, Founder and CEO of FundApps.
“FTV brings not only capital to support our ambitious
growth plans, but also deep expertise in our industry and access to a global
network of blue-chip buy and sell-side institutions, both of which will be
integral as we continue to scale our platform and strengthen our position
across the financial ecosystem.”
The deal also marks a complete exit for previous investor
Scottish Equity Partners. Financial terms were not disclosed.
FTV Capital Deepens Presence in European RegTech
Market
FTV Capital, a U.S.-based growth equity firm with over
$10 billion in assets under management, is expanding its footprint in Europe.
The firm recently appointed Richard Earnshaw as partner to lead its European
investments and has made several recent bets in the region, including stakes in
Windward, N2F, and Validus.
Bernstein, Earnshaw, and Max Weber of FTV Capital will join the FundApps board of directors as part of the deal. FundApps is used by both buy- and
sell-side firms, and includes a rule engine that integrates regulatory updates and
peer-reviewed best practices. Its clients rely on the service to monitor
compliance risks and meet regulatory deadlines.
This post is originally published on FINANCEMAGNATES.
