Napier AI – a London-based financial crime compliance RegTech – announced that it has received a significant investment from Crestline Investors, which is a US-based and credit-focused institutional alternative asset manager, to accelerate its growth trajectory further, highlighting the transformational time in the industry for know your customer (KYC) and anti-money laundering (AML) solutions.
Napier AI, based in London, UK and founded in 2015, is a provider of AI-enhanced financial crime and regulation technology compliance software providing AML solutions across the banking, payments and wealth & asset management industries. Customers use Napier AI’s solutions to screen, monitor, and identify criminal or suspicious activities, with the added functionality of regulatory reporting. Without these solutions, customers may be exposed to greater financial, reputational, and regulatory risk, or large operational overheads.
Napier AI operates in a large industry with strong tailwinds – which are driven by increasing regulatory and compliance requirements. And Napier AI has historically driven strong topline growth without a traditional private equity sponsor or significant institutional capital. Since 2021, top-line revenue grew at 30%+ year on year, as Napier AI has invested in its go-to-market organisation and bolstered its product line via dedicated R&D.
Crestline’s investment will help further business expansion in the coming years, enabling Napier AI to continue developing and serving financial institutions with NextGen screening and monitoring solutions, powered by explainable AI that delivers true value.
KEY QUOTES:
“We are pleased to deliver strong, continuous growth in a challenging market. Financial crime compliance operations and regulatory pressure continue to be large overheads for financial institutions, so there is a need to invest in NextGen AI-enhanced solutions with the benefit of trusted technology and delivery.”
- Greg Watson, CEO at Napier AI
“We are excited to work with the Napier AI team and believe their market-leading, AI-powered technology platform is well-positioned to help financial institutions and other regulated companies excel in an environment with rapidly expanding transaction volumes and increasing regulatory requirements.”
- Will Palmer, Managing Director at Crestline
