Napier AI, a London, UK-based financial crime compliance RegTech, has secured £45 million in funding.
SaaS Investors
The investment was from Crestline Investors.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is an institutional alternative investment management firm with approximately $17.5 billion in assets under management. It specializes in credit and opportunistic investments, including providing flexible capital solutions to middle-market companies, asset-backed investing, and financing and restructuring solutions for mature private equity funds. Headquartered in Fort Worth, Texas, the company maintains affiliate offices in Dallas, New York, London, Toronto and Tokyo.
Napier AI Use of Funds
The investment will support Napier AI's expansion, advancing NextGen screening and monitoring solutions to meet growing regulatory demands.
About Napier AI
Founded in 2015, 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. The company's solutions are used by customers to screen, monitor, and identify, criminal or suspicious activities, with the added functionality of regulatory reporting. Napier AI designs and engineers technological innovation to make a measurable difference in driving down financial crime. Napier AI is trusted by over 150 institutions worldwide.
Funding Details
Company: Napier Technologies Limited
Raised: £45.0M
Round: Unknown
Funding Month: February 2024
Lead Investors: Crestline Investors
Additional Investors:
Company Website: https://www.napier.ai/
Software Category: Financial Crime Compliance
Source: https://www.businesswire.com/news/home/20240221739353/en/