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RiskSmart launches in the UK after £1M funding, helps SMEs with risk management

RiskSmart
Image credits: RiskSmart

RiskSmart, a Manchester-based integrated risk management platform, announced its launch in the UK following a £1M investment from NPIF Maven Equity Finance and other institutional investors.

“Overcomplicated, expensive, disjointed, and data-poor. Risk professionals are dealing with that, trying to keep up with ever-changing regulations and keeping businesses safe,” says the company. 

As an accomplished Fintech lawyer and Chief Risk Officer, Founder Ryan’s experience with people overcomplicating risk was the catalyst that led to RiskSmart.

Simplifies risk for SMEs

Ryan Swann and Michael Aldred, who has extensive experience in risk management and FinTech services, founded RiskSmart

The UK startup aims to simplify risk for SMEs that have been underserved by complex and expensive platforms, frameworks, and manual processes in the industry.

Utilising data and AI technology, RiskSmart offers tech-led, automated, and centralised risk management that increases confidence and business resilience.

The firm has an experienced senior management team, including 

  • Matthew Rudd – Head of Product 
  • Emma Bamford – Head of Customer Success
  • Jonathan Sabinsky – Head of Sales & Marketing

The company plans for significant growth by the end of 2024 and to secure Gartner recognition within the same time frame.

Ryan Swann, Founder of RiskSmart, says, “RiskSmart’s mission is to help businesses succeed through simple, smart, and state-of-the-art risk management. Having been in the industry for many years myself, I recognised a gap in the market to provide risk management in a better way. So we’re starting the risk management revolution and empowering risk, compliance, and legal teams to digitise their services.”

Dean Cox, Senior Investment Manager at Maven, comments, “This is an exciting investment for Maven and NPIF. More established providers of risk management solutions focus on larger companies. They are priced accordingly, so there is a clear gap in the market for an ambitious business like RiskSmart to target the underserved SME segment. The team has significant experience in this sector, and we look forward to helping them move a step closer to creating an enterprise product that can be scaled.”

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