Napier AI, a London, UK-based company providing financial crime compliance software, raised £45M in funding.
The round saw participation from Crestline Investors.
The company intends to use the funds to accelerate its growth trajectory.
Led by CEO Greg Watson, Napier AI is a provider of AI-enhanced financial crime and regulation technology compliance software providing AML solutions across the banking, payments and wealth & 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.
Commenting on the news, Greg Watson said: “We are pleased to deliver strong, continuous growth in a challenging market. Financial crime compliance operations and regulatory pressure continue to be large overheads for financial institutions, so there is a need to invest in NextGen AI-enhanced solutions with the benefit of trusted technology and delivery.”
FinSMEs
22/02/2024