Investment Firm FTV Capital Pledges Substantial Capital Boost to Fintech Company FundApps
**FundApps Secures Significant Growth Equity Investment from FTV Capital**
FundApps, a leading provider of regulatory compliance solutions for financial institutions, has announced a strategic investment from FTV Capital. The financial terms of the deal were not disclosed.
The investment comes at a pivotal time for FundApps, following recent investments by FTV Capital in Windward, N2F, Validus, and Orbus Software. This investment marks a full exit for existing growth equity investor Scottish Equity Partners (SEP).
The partnership with FTV Capital equips FundApps with capital, industry knowledge, and strategic support to expand and innovate its compliance technology platform. This move is expected to facilitate FundApps' growth as a trusted global leader in regulatory monitoring and reporting across the financial services sector.
The regulatory landscape and cross-border trading activity are challenging compliance across jurisdictions, and investment managers are turning to software solutions like FundApps to manage compliance more effectively. FundApps automates regulatory compliance for financial institutions and is widely recognized as a best-in-class platform for shareholding disclosure and position monitoring and reporting.
The investment is intended to accelerate FundApps' growth through expansion of product offering, both organically and through inorganic growth. Brad Bernstein, managing partner at FTV Capital, is confident that FundApps' consistent growth at scale and exceptional customer retention will make this partnership a powerful proponent of FundApps' continued momentum.
The vended market for shareholding disclosure and position limits is sizable and growing quickly. FundApps currently serves over 160 clients across North America, EMEA, and Asia, representing more than $29 trillion in combined assets under management. The company operates agnostically across both buy and sell-side institutions, serving a wide market of asset and wealth managers, hedge funds, capital allocators, and banks globally.
The deal also brings new members to FundApps' board of directors. Brad Bernstein, Richard Earnshaw, and Max Weber have joined the board as part of the transaction. Richard Earnshaw, partner at FTV Capital, reiterates FundApps' strong reputation in the financial ecosystem, as demonstrated by its blue-chip client base and increasing penetration of top-tier institutions.
The investment is expected to help FundApps grow its regtech solutions and provide more value to the financial services industry through automation. Arma Partners served as financial advisor to FundApps, and Raymond James served as financial advisor to FTV Capital in this transaction.
This strategy aligns well with market demands as financial institutions face increasing regulatory complexity across multiple jurisdictions and growing cross-border trading activities. FundApps' cloud-native software helps clients manage these challenges efficiently while containing costs, which is driving rapid adoption of such solutions in capital markets.
In summary, the partnership with FTV Capital equips FundApps with the resources it needs to expand its regulatory compliance solutions, drive product innovation, and pursue opportunistic inorganic growth through acquisitions. This dual approach will enable FundApps to expand its product suite and increase its market presence in the financial services industry's compliance technology space.
- The investment from FTV Capital, as disclosed in the announcement about FundApps' significant growth equity investment, highlights their strategic focus on the financial sector, with specific interests in finance, business, and technology.
- As part of the transaction with FTV Capital, Brad Bernstein, Richard Earnshaw, and Max Weber will join FundApps' board of directors, bringing expertise from the tech-focused finance and business domains, supporting FundApps' expansion in technologies such as regtech and fintech.
