UK financial crime RegTech Napier AI has secured £45 million in funding from US-based Crestline Investors.
Headquartered in London and established in 2015, Napier AI specializes in AI-driven compliance software for financial crime and regulatory technology, offering AML screening services to the banking, payments, and wealth & asset management sectors.
Napier’s technology is utilized by institutions to screen, monitor, and detect criminal or suspicious activities, along with providing regulatory reporting capabilities. Since 2021, the company has experienced over 30% year-on-year revenue growth by enhancing its go-to-market strategy and expanding its product offerings through dedicated research and development. Currently, Napier AI serves 150 customers globally.
Greg Watson, CEO of Napier AI, commented, “Financial crime compliance operations and regulatory pressures continue to represent significant overheads for financial institutions, creating a necessity for investment in next-generation AI-enhanced solutions backed by trusted technology and delivery.”