London RegTech Kaizen has taken 拢42 million of private equity investment in its first external funding since it was founded in 2013 by CEO Dario Crispini.
The provider of regulatory compliance solutions for global financial institutions has been backed by Boston-based Guidepost Growth Equity, which takes a minority stake.
The investment will be used to accelerate product development, invest in go-to-market initiatives, expand in North America and enhance its compliance technology.
Kaizen鈥檚 ReportShield platform enables its clients to fully test the accuracy and quality of regulatory reports at the trade level, identify 100% of errors at scale and efficiently remediate with global regulatory coverage.
It has established itself as a trusted partner to the world鈥檚 largest and most sophisticated banks, asset managers, hedge funds and brokers.
鈥淲e are delighted to be partnering with Guidepost as we enter a new chapter in our evolution,鈥� said Crispini. 鈥淕uidepost has a great track record in helping firms reach their full potential and their investment and partnership will enable us to build and enhance our existing technology, deliver new compliance solutions, and drive our expansion into North America.聽
鈥淭he solutions we offer at Kaizen are designed to help our clients adhere to their compliance obligations in an efficient and cost-effective manner and we look forward to delivering more solutions that do just that.鈥�
Gene Nogi, general partner at Guidepost, will join the Kaizen board of directors alongside two new independent directors yet to be named.聽
Nogi said: 鈥淜aizen has transformed the transaction reporting and compliance market, helping the world鈥檚 largest financial institutions navigate and comply with an increasingly complex regulatory environment with heightened scrutiny from regulators.聽
鈥淭he company embodies everything we look for in an entrepreneur-led, capital-efficient, rapidly growing, and highly differentiated technology business operating within a large, dynamic market.聽
鈥淲e are thrilled to partner with Dario, Ian and the entire team at Kaizen and look forward to working together on the next stage of the journey.鈥�