Novatus Global Limited, a London-based provider of regulatory technology solutions to global financial institutions, secured a $40 million investment from Silversmith Capital Partners. The Boston-based growth equity firm recently invested in Constructor and Impel.
Investment details
The growth funding will enable Novatus to continue to invest deeply in the technology underpinning of its best-in-class SaaS platform. It will also focus on expanding its geographic footprint, particularly in North America following its successful entry into Australia last year.
In addition to the investment, Todd MacLean and Ned Kingsley from Silversmith have joined Novatus’ Board of Directors.
“At Silversmith, our investment philosophy is quite simple to articulate, though much more difficult to implement – identify great founders who have built solutions to real-life customer problems. While company building takes enormous effort and will, we’ve found over time that if you get that first part right, the rest tends to take care of itself,” said Ned Kingsley, Principal at Silversmith. “We feel incredibly lucky to have found two such individuals in Andrew and Matt who have re-imagined the way to solve an increasingly important customer problem. We couldn’t be more excited to support their continued growth alongside Maven Capital Partners.”
What does the company do?
Led by Andrew Hedley and Matthew Ranson, Novatus Global provides software and strategic advisory services, enabling financial institutions to navigate their most complex regulatory and strategic challenges. Its expertise spans transaction reporting, risk, compliance, ESG, strategy, and data, delivering solutions that drive operational services and demonstrable regulatory compliance.
Its SaaS platform, Novatus En:ACT, enables firms to ensure accurate, complete, and timely transaction reporting across all global reporting regimes. It is used by major global firms to reconcile both source systems and submission files and for all G20 transaction reporting regimes.
Novatus also offers expert-led advisory services, leveraging its SaaS solution and industry experience, to help clients of all size and maturity solve their most complex compliance, risk management, ESG and organisational transformation challenges.
“We are delighted to partner with Silversmith as we embark on the next chapter of our growth journey. Silversmith shares our values and vision – particularly our passion for building great products to make our clients’ daily lives better, safer and more efficient,” said Novatus Co-Founder and Partner, Andrew Hedley. “This investment will be used to double down on that commitment to innovation while also fueling our continued international expansion, particularly in North America following our successful entry into Australia last year. It is a real privilege to work with such brilliant people across our team and we are incredibly excited for the next chapter of growth.”
“When we founded the company in 2019, we had a leg up on the market – Andrew and I had both lived this problem first-hand. As a result, we wanted to provide a solution that would solve the complexity of transaction reporting in a novel way – driven by powerful, automated underlying technology as opposed to human intervention,” added Novatus Co-Founder and Partner, Matthew Ranson. “With deep experience in the GRC and regtech markets, Silversmith recognised the uniqueness of En:ACT in attacking the problem with fresh eyes and harnessing the massive innovation being driven by AI and machine learning. We look forward to working closely with Todd, Ned and the Silversmith team to achieve our vision of creating the single best platform of its type anywhere in the world.”
