Napier AI, a London-based regtech company specializing in AI-powered anti-money laundering and financial crime compliance software, has announced a significant funding round of £45M (approximately €52M) from Crestline Investors. This capital injection will enable Napier AI to expand its business and continue developing NextGen screening and monitoring solutions for financial institutions.
Founded in 2015, Napier AI offers the Napier Continuum, a suite of AI-enhanced financial crime and regulation technology compliance software. This platform assists in preventing money laundering across banking, payments, and wealth & asset management industries by enabling customers to screen, monitor, and identify criminal or suspicious activities and generate regulatory reports. This reduces the risk of financial loss, reputational damage, and non-compliance.
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Demonstrating Strong Growth
Napier AI has experienced over 30% year-on-year top-line revenue growth, achieving this milestone without the backing of a private equity sponsor or significant institutional capital. Greg Watson, CEO of Napier AI, highlighted the company’s continuous growth in a challenging market and the increasing need for financial institutions to invest in NextGen AI-enhanced solutions.
About Crestline Investors
Crestline Investors is an institutional alternative investment management firm with approximately $17.5B in assets under management. The firm specializes in credit and opportunistic investments, including flexible capital solutions for middle-market companies, asset-backed investing, and financing and restructuring solutions for mature private equity funds.
Will Palmer, Managing Director at Crestline, expressed excitement about working with the Napier AI team, praising their market-leading, AI-powered technology platform. He believes Napier AI is well-positioned to help financial institutions and other regulated companies excel amid rapidly expanding transaction volumes and increasing regulatory requirements.
With this new funding, the company is poised to further its mission of providing cutting-edge, AI-powered financial crime compliance solutions, helping financial institutions navigate the complexities of regulatory requirements and safeguard against financial crimes.
