The Consulting Consortium, a London, UK-based independent regulatory and compliance consultancy, received a £10m equity investment.
Business Growth Fund acquired a minority stake in the firm. In conjunction with the investment, Marion Bernard, BGF Regional Director for London and South East, joined the board.
The company intends to use the funds to build its marketing, personnel and infrastructure.
Founded in 2000 by CEO Joanne Smith, TCC provides specialist regulatory compliance services to FCA regulated firms in the financial industry. It has developed a proprietary risk management SaaS solution called RecordSure that monitors, records and analyzes near real-time interactions between financial product sellers and customers to provide transparency, consistent reporting and compliance tools to address issues of mis-selling or other regulatory breaches.
The company, which has an office in Leeds, has advised over 250 financial services clients since 2001, including a number of FTSE 100 and multi-national companies.