Napier AI, the AI-powered financial crime compliance solution provider, has secured a majority growth investment from global investment firm Marlin Equity Partners, enabling it to support its go-to-market expansion globally.
Napier AI, which uses data science principles to equip financially regulated firms with compliance-first AI to stay ahead of sophisticated financial crime threats, hopes to further advance its market position through ongoing research and development and support its go-to-market expansion globally.
Founded in London in 2015, Napier AI has established a strong position in financial compliance, with its Continuum platform trusted by over 100 institutions worldwide, including HSBC, State Street, Mizuho Trust & Banking, Starling Bank, and ClearBank.
As AI adoption continues to grow at a seemingly exponential rate across industries, this trend appears no different in anti-money laundering and counter-terrorist financing. The investment from Marlin marks a growth phase for the company, focused on advancing AI technologies, enhancing financial crime detection, and prioritising customer-centric regional tech hubs.
Mike Wilkinson, a managing director at Marlin Equity Partners
“The Napier AI team impressed us with their strategic and innovative product offering, and dedicated customer focus. As the regulatory landscape becomes more complex, this mission-critical compliance-first AI platform is well-positioned to deliver continued growth in the global anti-financial crime market,” explained Mike Wilkinson, a managing director at Marlin Equity Partners.
Ensuring compliance with AI
“We believe our AI-enabled products and passionate employees allow us to deliver exceptional value to customers and partners,” said Greg Watson, CEO of Napier AI. “In an era of ever-evolving financial crime threats, having a modern solution leveraging AI and automation is paramount to maintaining regulatory compliance and protecting the financial services industry from bad actors.
“We’re delighted to have found the right partner at such a pivotal moment in our journey to help us continue our momentum and grow the Napier AI brand globally. Marlin has an incredible heritage in helping businesses like ours to scale and innovate, and we are confident both our customers and our teams will see immediate benefits from Marlin’s investment.”
Marlin, an investment firm headquartered in Los Angeles with over $9billion in capital commitments, has successfully completed over 250 acquisitions.
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