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Scottish Equity Partners' Investment Set To Fuel RegTech Revolution With FundApps


Scottish Equity Partners’ Investment Set To Fuel RegTech Revolution With FundApps
Date
11/05/2021
Scottish Equity Partners (SEP) has completed a significant growth equity investment in FundApps, one of the world s most successful Regulatory Technology (RegTech) companies.
As the first ever Compliance-as-a-Service (CaaS) business, FundApps has transformed the way investment managers deal with the regulatory burden by combining cloud technology, regulatory expertise, market data and the unique FundApps Community. Previously, compliance managers were overwhelmed by ever-increasing complexity, but services covering Shareholding Disclosure, Sensitive Industries and Position Limits have truly made compliance simple.
Today, London-headquartered FundApps has over 100 clients, ranging from hedge funds, asset managers and sell-sides, to the world’s largest sovereign wealth funds. Collectively, FundApps’ services monitor over 10% of global assets under man ....

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Scottish Equity Partners Backs Regtech Firm FundApps


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: ....

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Fast-growing fintech firm secures investment from Scottish Equity Partners


AutoRek has 85 employees
By Scott Wright
AUTOREK, the Glasgow-based fintech company, has signalled plans to expand internationally and step up its product development plans after securing a “significant growth equity investment”.
Scottish Equity Partners (SEP) has made the undisclosed investment amid growing demand for AutoRek’s cloud-based financial reporting, data management and reconciliation software. AutoRek’s clients include major financial institutions such as Bank of England, Lloyds Banking Group and Nationwide.
While the specifics of the SEP investment were not disclosed, a spokeswoman said it had been made under the private equity firm’s £260 million SEPV fund.
AutoRek, which was established in 1994 as a Microsoft consultancy business, employs 85 staff across its offices in Glasgow, Edinburgh and London, having placed “huge focus” on expanding its headcount in the last five years. And it expects staff numbers to “accelerate ....

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