FundApps, which provides solutions to automate regulatory compliance, has reportedly collected fresh funding from Scottish Equity Partners.
The size of the investment was not disclosed, according to a report from Crowdfund Insider.
Based in the UK, FundApps offers automated compliance monitoring services to financial institutions, including asset managers, hedge funds and investment banks.
Its platform helps investment managers with compliance through shareholding disclosure, sensitive industries monitoring and position limit management.
FundApps founder and CEO Andrew Patrick White told Crowdfund Insider, “Having bootstrapped our way since 2010, FundApps has experienced exceptional growth in recent years, but we have only just scratched the surface of the regulatory challenge.
“It is clear that in SEP, we have found a long-term partner who not only understands the scale of the problem faced by the global investment industry, but one who is excited to work with us to introduce transformative services to an industry crying out for further innovation.”
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