YFM Equity Partners has invested £3m from its British Smaller Companies VCTs in NextWave, an AI consultancy serving Tier 1 global financial services firms across banking, asset management, insurance and FinTech.

Many of NextWave’s senior consultants have held senior roles in financial services firms, meaning they understand clients’ operational and regulatory realities from the inside, not just in theory.

The business has also built its own delivery tools and software accelerators that allow it to work faster than a traditional consultancy, reducing the time-to-value for clients.