Kaizen has successfully completed its first external funding round, securing a £42m investment from Guidepost Growth Equity.
This marks a significant milestone for the company, which has been self-funded since its inception in 2013 by CEO Dario Crispini.
The company, recognized as the global leader in regulatory reporting quality assurance, has captivated a substantial clientele with its ReportShield platform. This innovative technology enables thorough testing of regulatory reports at the trade level, ensuring accuracy and complete compliance with regulations such as MiFID, EMIR, SFTR, CFTC, and SEC. Kaizen has become a trusted partner for some of the world’s leading banks, asset managers, hedge funds, and brokers.
The fresh capital injection will be channeled towards accelerating Kaizen’s product development, expanding market initiatives, and bolstering its presence in North America. The investment will also enhance the company’s award-winning compliance technology.
In addition to its core offerings, Kaizen has recently diversified its products to include management solutions for shareholding disclosures, regulatory rules management, and surveillance of trades and communications. The company’s strategic investments in London Reporting House and Cumulus9 also underscore its commitment to expanding its compliance solutions.
“Kaizen has transformed the transaction reporting and compliance market, helping the world’s largest financial institutions navigate and comply with an increasingly complex regulatory environment with heightened scrutiny from regulators. The Company embodies everything we look for in an entrepreneur-led, capital-efficient, rapidly growing, and highly differentiated technology business operating within a large, dynamic market. We are thrilled to partner with Dario, Ian and the entire team at Kaizen and look forward to working together on the next stage of the journey,” Gene Nogi, General Partner at Guidepost, commented.
As part of the investment, Gene Nogi will join the Kaizen Board of Directors, and two new independent directors will be announced shortly. Raymond James served as the exclusive financial advisor for the transaction, with Norton Rose Fulbright acting as legal counsel to Kaizen. Liberty Corporate Finance, Alvarez and Marsal, and Crosslake also provided advisory services, while Choate Hall & Stewart and Stevens & Bolton served as legal counsel to Guidepost.
In past investments, Kaizen has been self-financed, focusing on organic growth and reinvestment in its technology and solutions. This round represents its first external financial endorsement, underscoring confidence in its future trajectory.
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
