FundApps, a compliance monitoring and reporting technology platform, has recently received a significant growth equity investment from FTV Capital, a firm known for backing high-growth capital markets technology firms.
As regulatory requirements evolve and cross-border trading increases, firms face challenges in maintaining compliance across multiple jurisdictions while managing costs and resources effectively. To address these demands, capital market participants are rapidly adopting software solutions for compliance management, particularly in the expanding market for shareholding disclosure and position limit solutions.
This investment is significant for FTV in Europe, following recent investments in Windward, N2F, Validus, and Orbus Software. Brad Bernstein, Richard Earnshaw, and Max Weber have joined FundApps’ board as part of the transaction.
Founded in 2010, FundApps automates regulatory compliance for various financial institutions, serving over 160 clients worldwide with assets under management exceeding $29 trillion. The platform is recognized for its enterprise-grade compliance capabilities.
This investment marks a complete exit for Scottish Equity Partners (SEP), the previous investor, with Arma Partners advising FundApps and Raymond James advising FTV Capital. Financial terms of the deal were not disclosed.
How the funding will be used: FundApps plans on using this investment to accelerate its growth by expanding its product offerings, both through internal development and strategic acquisitions. With its industry-leading capabilities in shareholding disclosure and position limit monitoring, FundApps aims to strengthen its position as a reliable partner for the regulatory compliance needs of both buy-side and sell-side clients.
KEY QUOTES:
“This strategic investment is a powerful validation of our differentiated offering and strong growth to date, and we’re thrilled to be partnering with the FTV team for this next chapter. FTV brings not only capital to support our ambitious growth plans, but also deep expertise in our industry and access to a global network of blue-chip buy and sell-side institutions, both of which will be integral as we continue to scale our platform and strengthen our position across the financial ecosystem.”
Andrew Patrick White, Founder and CEO of FundApps
“As capital markets continue to undergo rapid technology change, FundApps has established itself as a mission-critical platform providing financial institutions with the regulatory assurance they need to navigate an increasingly complex and evolving landscape. We are confident that the company’s consistent growth at scale and exceptional customer retention – combined with FTV’s track record of scaling capital markets services businesses – will make this partnership a powerful proponent of FundApps’ continued momentum.”
Brad Bernstein, managing partner at FTV Capital
“FundApps’ reputation in the financial ecosystem speaks for itself, as evidenced by its blue-chip client base and increasing penetration of top-tier institutions. Against a growing market backdrop for trading regulatory compliance solutions, we have strong conviction that FundApps occupies a leading position today, and are confident that our shared vision for growth will position the company to expand in this critical sector moving forward.”
Richard Earnshaw, partner at FTV Capital
