[ad_1]
London, February 21, 2024–(BUSINESS WIRE)–Napier AI, a London-based financial crime compliance RegTech, has received a significant investment from U.S.-based credit-focused Crestline Investors, Inc. (“Crestline”) announced. We are further accelerating our growth trajectory as an institutional alternative asset manager, highlighting a period of transformation in the industry towards know your customer (KYC) and anti-money laundering (AML) solutions.
Headquartered in London, UK and founded in 2015, Napier AI is a provider of AI-powered financial crime and regulatory technology compliance software, delivering AML solutions across the banking, payments and wealth management industries. . Napier AI’s solutions are used by customers to screen, monitor, and identify criminal or suspicious activity, with additional capabilities for regulatory reporting. Without these solutions, customers may be exposed to greater financial, reputational, and regulatory risks or significant operational costs.
Napier AI operates in a large industry with strong tailwinds from increasing regulatory and compliance requirements. Napier AI has historically driven strong revenue growth without traditional private equity sponsorship or significant institutional capital. Since 2021, Napier AI has invested in its go-to-market organization and strengthened its product line through dedicated research and development, resulting in over 30% year-over-year revenue growth.
Crestline’s investment will support further expansion over the next few years, allowing Napier AI to continue developing and serving financial institutions with NextGen screening and monitoring solutions powered by explainable AI that deliver real value. Masu.
“We are pleased to deliver strong and continued growth in a challenging market. As financial crime compliance operations and regulatory pressures continue to be a significant overhead for financial institutions, we are leveraging the benefits of trusted technology. and delivery,” said Greg Watson, CEO of Napier AI.
“We are excited to be working with the Napier AI team, and their market-leading AI-powered technology platform will help financial institutions and other regulated businesses rapidly expand their trading volumes and meet increasing regulatory requirements. We believe we are well-positioned to help our customers excel in this environment,” said Will Palmer, Managing Director, Crestline.
About Napier AI
Napier AI is a RegTech that provides AI-powered anti-money laundering and financial crime compliance software to financial institutions, payments, and asset management companies. Napier AI designs and engineers innovations that make a tangible difference in curbing financial crime. Trusted by more than 150 institutions around the world, the company’s platform, Napier Continuum, transforms compliance from a legal obligation to a competitive advantage. For more information, please visit napier.ai.
About Crestline Investors, Inc.
Founded in 1997 and based in Fort Worth, Texas, Crestline Investors is an institutional alternative investment management firm with approximately $17.5 billion in assets under management. Crestline specializes in credit and opportunistic investments, including providing flexible capital solutions for middle market companies, asset-backed investments and financing and restructuring solutions for mature private equity funds. Additionally, the company manages a multi-PM stock market neutral hedge fund and provides beta and hedging solutions for institutional clients. Headquartered in Fort Worth, Texas, we have affiliated offices in Dallas, New York, London, Toronto, and Tokyo. For more information, please visit www.crestlineinvestors.com.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240221739353/ja/
contact address
Elise Thrale
Napier AI, Head of Content
+4477890 952 278
Elise.thrale@napier.ai
[ad_2]
Source link
