Napier AI, a London-based financial crime compliance RegTech, has received a £45 million investment from US-based institutional alternative asset manager Crestline Investors. The investment will be used to accelerate Napier AI’s business expansion in coming years and enable the company to continue developing and providing financial institutions with next-generation screening and monitoring solutions powered by explainable AI.
Napier AI’s Continuum platform provides AI-enhanced financial crime and regulation technology compliance software providing AML solutions across the banking, payments and wealth and asset management industries. Its solutions are used by customers to screen, monitor and identify criminal or suspicious activities, with the added functionality of regulatory reporting.
“We deliver strong, continuous growth in a challenging market,” says Greg Watson, CEO at Napier AI. “Financial crime compliance operations and regulatory pressure continue to be large overheads for financial institutions, so there is a need to invest in next-generation AI-enhanced solutions with the benefits of trusted technology and delivery.”
Will Palmer, managing director at Crestline, adds: “We believe Napier AI’s technology platform is well positioned to help financial institutions and other regulated companies excel in an environment characterised by rapidly expanding transaction volumes and increasing regulatory requirements.”
Napier AI has historically driven topline growth without a private equity sponsor or significant institutional capital. Since 2021, top-line revenue has grown by over 30% year on year as it invested in a go-to-market organisation and strengthened its product line through dedicated R&D.
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