UK-based regulatory technology provider Novatus Global has secured a significant $40 million investment from Silversmith Capital Partners, a US-based growth equity firm. This funding marks a major step for Novatus as it seeks to expand its presence, particularly in North America, and further develop the technology behind its Software-as-a-Service (SaaS) platform.
Novatus Global, established in 2019, offers a platform called En:ACT, which is designed to help financial institutions such as banks and asset managers meet their transaction reporting obligations. The platform ensures that reporting is accurate, complete, and timely, adhering to global regulations. Alongside its innovative technology, Novatus also provides advisory services, giving clients specialized support in areas like regulatory compliance, risk management, and ESG programs.
The fresh capital injection will be directed towards accelerating Novatus Global’s expansion efforts in the US, as well as bolstering the core technology that powers En:ACT. The funding follows an earlier £4 million investment from Maven Capital Partners in 2022, signaling a strong trajectory of growth for the company. With this support, Novatus aims to solidify its foothold in the regtech market while continuing to deliver top-notch solutions that meet the evolving needs of the financial sector.
Novatus Global’s approach combines cutting-edge tech with expert advisory services, making it a trusted partner for financial institutions navigating complex regulatory landscapes. With new backing from Silversmith Capital and key leadership additions to its board, the company is poised to make even greater strides. The future looks bright for Novatus as it continues to expand its global reach and deepen its technological capabilities.