Napier AI Secures £45M Investment for AI-Powered FCC Expansion

Published 7 months ago

London-based regtech firm, Napier AI, has secured a £45 million investment from US-based alternative asset manager, Crestline Investors. The funding will fuel continued growth in AI-powered financial crime compliance (FCC).

The Need for NextGen AI-Enhanced Solutions

Napier AI’s CEO, Greg Watson, highlighted the need for investment in NextGen AI-enhanced solutions. He noted that financial crime compliance operations and regulatory pressure continue to be significant overheads for financial institutions. Without appropriate solutions, these institutions could be at greater financial, reputational, and regulatory risk, or large operational overheads.

Napier AI’s Journey So Far

Founded in 2015, Napier AI provides AI-enhanced financial crime and regulation technology compliance software. Their services include Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions across the banking, payments, and wealth & asset management industries. Its solutions are employed by customers to screen, monitor, and identify criminal or suspicious activities, with the added functionality of regulatory reporting.

Since 2021, Napier AI’s top-line revenue has grown at over 30% year on year, thanks to investments in its go-to-market organisation and a bolstered product line through dedicated R&D.

Crestline’s Investment and the Future of Napier AI

Crestline’s investment will further business expansion for Napier AI in the coming years. The funding will enable the company to continue developing and serving financial institutions with NextGen screening and monitoring solutions. These solutions will be powered by explainable AI that delivers true value.

Will Palmer, Managing Director at Crestline, expressed excitement about the partnership with Napier AI. He believes that the company’s 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.