About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Singapore-Based GRC Solutions Provider Xcelerate Secures Funding for Acquisitive Growth

Subscribe to our newsletter

Xcelerate, a Singapore-headquartered provider of governance, risk and compliance (GRC) solutions to industry sectors including capital markets, has secured an equity funding round with participation from funds managed by Altair Capital and Exacta Capital Partners. Co-founders, management and select existing shareholders of Xcelerate also participated in the funding, which will be used to finance acquisitions in APAC and other regions.

Xcelerate plans to create a regional platform offering software solutions and services catering to the Governance Risk & Compliance (GRC) and Environmental, Social & Governance (ESG) requirements of organisations operating across APAC and other regions. It aims to bring global solutions, tools and technologies together and build highly qualified and experienced teams through a roll-up strategy of acquisitions and partnerships to create comprehensive solutions.

Gary Ng, partner at Altair Capital, says: “We believe the GRC and ESG segment will experience high growth as organisations increase spending and seek the right partners to help them navigate increasingly complex regulations in Asia. The Xcelerate co-founders have a proven track record and the ability to transform Xcelerate into a leading GRC and ESG solutions platform.”

Madhujeet Chimni, co-founder of Xcelerate, concurs: “We believe there is a strong need for a regional player offering GRC and ESG solutions. As we build on our technologies, solutions and teams in APAC and other regions, we are pleased to partner Altair Capital and Exacta Capital Partners, both of which have significant experience in the ASEAN region.”

Altair Capital is a private equity firm focused on buyouts or significant minority investments in quality companies across Southeast Asia, and is the ASEAN affiliate of Polaris Capital Group, a leading buyout group in Japan. Exacta Capital Partners is a Southeast Asia focused lower-middle market private equity fund manager and has been in the market since 2013.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to ensure employees meet fit and proper requirements under global accountability regimes

Fitness and proprietary requirements for employees of financial institutions are not an option, but a regulatory obligation that calls on employers to regularly assess employees’ honesty, integrity and reputation, competence and capability, and financial soundness. In the UK, these requirements are a core element of the Senior Managers and Certification Regime (SMCR). They are also...

BLOG

Behavioural Surveillance: Key Insights from the Smarsh -Sponsored Webinar on Conduct Risk Management

A recent webinar hosted by RegTech Insight and sponsored by Smarsh, brought together industry leaders to explore innovative strategies for tackling conduct risk. The panel included Sepehr Irandoost, Head of Global Surveillance Effectiveness and Efficiency, Bank of America; Marili Anderson, Head of Compliance, Rabobank; Theo Hill, Senior Director of Product Management, Smarsh. Managing conduct risk...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...