Scottish Equity Partners Backs Regtech Firm FundApps
Scottish Equity Partners has invested in
FundApps, a UK-based Regtech, for an undisclosed amount according to a note from the company.
FundApps is described as a “
compliance-as-a-service” (CaaS) business, that improves the way investment managers deal with the regulatory burden by combining cloud technology, regulatory expertise, market data and the FundApps Community.
FundApps reports over 100 clients, ranging from hedge funds, asset managers, and sell-side financial firms. FundApps claims that its services monitor over 10% of global assets under management.
Andrew Patrick White, founder and CEO of FundApps, said they were delighted to have SEP on board:
Basis Technologies and Scottish Equity Partners: Scottish Equity Partners Announces $25M Investment in Basis Technologies
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Scottish Equity Partners Announces $25M Investment in Basis Technologies
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By Scott Wright IT is the nature of entrepreneurs to detect opportunities during times of tumult. As he surveys a Scottish business scene that has been torn asunder by the pandemic over the last 12 months, Chris van der Kuyl sees plenty of that enterprise in action. Some of that is very close to home. Mr van der Kuyl and business partner Paddy Burns saw their backing of Parsley Box, the Edinburgh-based ready meal delivery business, rewarded handsomely last month when the results of a successful initial public offering (IPO) were announced. The IPO valued Parsley Box, which joined the Alternative Investment Market on March 31, at more than £84 million, with Messrs van der Kuyl and Mr Burns among those sharing in a £12m pot returned to shareholders as a result of the share offer.