Napier AI, a financial crime compliance RegTech, has received £45 million investment from US alternative asset manager Crestline Investors.

The London company, which featured on our RegTech 50 ranking late last year, provides anti-money laundering solutions across the banking, payments and wealth & asset management industries.

They are used by customers to screen, monitor and identify criminal or suspicious activities, with the added functionality of regulatory reporting.

Founded in 2015, Napier AI has historically driven strong topline growth without a traditional private equity sponsor or significant institutional capital. Since 2021, top-line revenue has grown 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 to further business expansion in the coming years, enabling Napier AI to continue developing and serving financial institutions with screening and monitoring solutions.

RegTech 50 – UK’s most innovative compliance tech creators for 2023

“We are pleased to deliver strong, continuous growth in a challenging market,” said Greg Watson, CEO. “Financial crime compliance operations and regulatory pressure continue to be large overheads for financial institutions, so there is a need to invest in next-gen AI-enhanced solutions with the benefit of trusted technology and delivery.” 

Will Palmer, managing director at Crestline, added: “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.”

‘Wonderkid’ tech investor’s firms shut down over £3m fraud