Napier AI, based in London, has secured a majority growth investment from Marlin Equity Partners, a global investment firm with over US$9 billion in capital commitments.
This investment will help the company continue its research and development efforts and expand its global market presence.
Founded in 2015, Napier AI’s Continuum platform is used by over 100 institutions worldwide, including HSBC, State Street, and Starling Bank.
The platform uses data science principles to provide AI-powered compliance solutions to help financial institutions tackle financial crime.
The investment reflects the increasing demand for AI solutions in anti-money laundering and counter-terrorist financing. It will support the company’s focus on enhancing its AI technologies and expanding regional tech hubs.
Mike Wilkinson, Managing Director at Marlin, said,
“The Napier AI team impressed us with their strategic and innovative product offering and customer focus. As the regulatory landscape becomes more complex, this compliance-first AI platform is well-positioned for continued growth.”
Greg Watson, CEO of Napier AI, added,
“In a time of growing financial crime threats, having a modern AI-driven solution is essential for regulatory compliance. We’re pleased to partner with Marlin, whose investment will help us scale and innovate as we expand globally.”
Baird acted as exclusive financial advisor to Napier AI, while Torch Partners advised Marlin.
Featured image credit: edited from freepik
