Investment firm FTV Capital provides substantial funding to FinTech company FundApps.
Financial technology firm FundApps has received a substantial growth equity investment from sector-focused firm FTV Capital. This investment marks a significant milestone for FundApps' growth and expansion in the trading regulatory compliance solutions market.
Based in London, FundApps operates agnostically across both buy and sell-side institutions, serving a wide market of asset and wealth managers, hedge funds, capital allocators, and banks globally. The company's client base spans over 160 firms across North America, EMEA, and Asia, managing more than $29 trillion in combined assets under management.
Brad Bernstein, managing partner at FTV Capital, views FundApps as a mission-critical platform for financial institutions navigating a complex and evolving regulatory landscape. He expressed confidence in FundApps' consistent growth at scale and exceptional customer retention.
The regulatory landscape and cross-border trading activity are challenging the compliance of financial institutions, leading to increased adoption of software solutions. The vended market for shareholding disclosure and position limits is sizable and growing quickly, making FundApps' services increasingly relevant.
Following the investment, FundApps' current growth strategy is centered on accelerating business expansion through organic development and potential acquisitions. The company plans to enhance its product suite by continuing to innovate and expand its offerings, refining its existing tools for shareholding disclosure and position limit monitoring.
FundApps aims to leverage advanced technologies, such as AI-driven risk analytics or ESG reporting tools, to further differentiate its platform. The firm is also exploring strategic acquisitions to bolster its capabilities and expand its reach, potentially enhancing its position in the market.
In addition, FundApps will continue to strengthen partnerships like the one with Broadridge, which has been successful in reducing customer acquisition costs and accelerating adoption. The company also aims to increase its presence in emerging markets like Asia and the Middle East, where regulatory compliance demands are growing rapidly.
Andrew Patrick White, Founder and CEO of FundApps, is excited about the strategic investment and partnership with FTV Capital for the next chapter of growth. He believes that the investment will enable FundApps to further accelerate its growth trajectory, expand its product offerings, and deepen its partnerships to serve the increasingly complex regulatory needs of financial institutions globally.
FTV Capital is a sector-focused growth equity firm with a strong track record in investing in high-growth capital markets technology companies. The investment in FundApps comes during a pivotal year for FTV in Europe, following notable recent investments in Windward, N2F, Validus, and Orbus Software.
Richard Earnshaw, partner at FTV Capital, highlights FundApps' strong reputation in the financial ecosystem, as evidenced by its blue-chip client base and increasing penetration of top-tier institutions. Brad Bernstein, Richard Earnshaw, and Max Weber have joined FundApps' board of directors as part of the transaction.
The transaction represents a full exit for existing growth equity investor Scottish Equity Partners (SEP). Arma Partners served as financial advisor to FundApps, and Raymond James served as financial advisor to FTV Capital in this transaction. Financial terms of the transaction were not disclosed.
Capital Markets tech firm, FTV Capital, has expressly demonstrated confidence in FundApps' consistent growth and expansion in the trading regulatory compliance solutions market, by injecting a substantial growth equity investment. Now, FundApps plans to leverage advanced technologies like AI-driven risk analytics and ESG reporting tools, to further differentiate its platform and deepen its partnerships in serving the increasingly complex regulatory needs of financial institutions globally.
