By: 23 February 2024

Napier AI’s £45m boost for continued growth

Napier AI secures £45m investment from Crestline

Napier AI, a UK-based regtech, has landed £45m from US-based Crestline Investors, to further its growth.  

Founded in 2015, Napier AI provides financial crime and regulation technology compliance software across the financial services sector. 

Since 2021, the regtech’s top-line revenue has grown 30% year on year. Its Napier Continuum platform is used by more than 150 institutions worldwide.  

“We are pleased to deliver strong, continuous growth in a challenging market,” said Greg Watson, chief executive officer at Napier AI.  

“Financial crime compliance operations and regulatory pressure continue to be large overheads for financial institutions, so there is a need to invest in NextGen AI-enhanced solutions with the benefit of trusted technology and delivery.”   

Will Palmer, managing director at Crestline, commented: “We are excited to work with the team.”  

Palmer believes their “market-leading” 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.  

Founded in 1997, Crestline is an institutional alternative invesment management firm with approximately $17.5bn in assets under management. It invested in SumUp back in 2022.

Image: Napier AI  

Josh Poyser
Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.