VoxSmart, a communication surveillance platform for financial institutions, has secured backing from Maven Capital Partners alongside lead investor Toscafund Asset Management.

VoxSmart designs, develops and deploys cloud-based mobile recording and communications surveillance technology for global financial institutions to manage their business risks and regulatory requirements. 

Its financial voice transcription and real-time instant message capture tools support over 100 clients with regulatory requirements to monitor and reconstruct all trade communications from voice, mobile, email and chat.

VoxSmart has operations across six countries with offices in London, New York, Madrid, Singapore, Melbourne and Queenstown. 

Its goal is to become the global reference for risk and compliance surveillance technology and offer end-to-end remote conduct and employee monitoring that connects a firm’s people, processes and technology to drive significant operational efficiencies and enable smarter business decisions.

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“This investment from Maven helps us to reach our ambitious growth plans and expansion into new markets, as well as our continued drive to deliver market-leading communications solutions across the capital markets,” said Oliver Blower, CEO (pictured). 

“We’re thrilled to welcome such a high calibre investor on board who believes in our vision.”

Martin McLaren, partner at Maven, said: “We are delighted to be partnering with VoxSmart, providing Maven investor partners with the opportunity to invest in a rapidly growing SaaS business with strong recurring revenues and an expanding customer base of blue-chip financial clients.

“The regulatory technology sector is experiencing strong growth driven by increased scrutiny and rising penalties for non-compliance, particularly across the UK, Europe, and the USA. 

“This underscores the critical need for robust compliance solutions, and VoxSmart’s cutting-edge technology and proven track record make it an exciting addition to our portfolio.”

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