Marlin Equity Partners has completed a majority growth investment in London-based compliance technology firm Napier AI.
RegTech Napier AI is said to offer a distinctive solution in the market, trusted by leading banks, payment providers, wealth and asset management firms, insurers and telecommunications organisations.
Early last year, Napier AI received a 拢45m investment from US alternative asset manager Crestline Investors.
鈥淲e believe our AI-enabled products and passionate employees allow us to deliver exceptional value to customers and partners,鈥� said Greg Watson, CEO of Napier AI.
鈥淲e鈥檙e delighted to have found the right partner at such a pivotal moment in our journey to help us continue our momentum and grow the Napier AI brand globally.
“Marlin has an incredible heritage in helping businesses like ours to scale and innovate, and we are confident both our customers and our teams will see immediate benefits from Marlin鈥檚 investment.鈥�
Financial details of the majority investment were not disclosed.
Mike Wilkinson, managing director at Marlin, said: 鈥淭he Napier AI team impressed us with their strategic and innovative product offering, and dedicated customer focus.
鈥淎s the regulatory landscape becomes more complex, this mission-critical compliance-first AI platform is well-positioned to deliver continued growth in the global anti-financial crime market.
鈥淲e are excited to work alongside the Napier AI management team and are thrilled to support the company鈥檚 vision of helping more enterprises effectively and efficiently put a halt to money laundering activities.鈥�
The tech firm recently featured on 叠耻蝉颈苍别蝉蝉颁濒辞耻诲鈥檚 RegTech 50 and is trusted by over 100 institutions worldwide.
Baird served as exclusive financial advisor to Napier AI, while Torch Partners served as exclusive financial advisor to Marlin.