SEP announces successful exit of FundApps
SEP has completed a successful exit from FundApps, a London headquartered regulatory software company.
Since SEP invested in FundApps in 2021, the company has become widely recognised as a best-in-class platform for shareholding disclosure and position monitoring and reporting, and a trusted partner for the world’s leading financial institutions. It has grown assets under management from c.$13 trillion to over $29 trillion and now serves over 160 clients across North America, EMEA and Asia.
Led by founder and CEO Andrew White, FundApps operates agnostically across both buy-side and sell-side institutions, enabling it to serve a wide market of asset and wealth managers, hedge funds, capital allocators and banks. Strengthened by a vast and growing client community, its rules and calculation engine incorporates industry best practices and provides enterprise-grade compliance with high-integrity assurance that regulatory obligations are consistently met.
SEP supported FundApps to scale sustainably through strategic investment in sales and marketing and in R&D to expand the product suite and develop its fully scalable, cloud native technology platform. SEP also helped the business to build key relationships with partners, such as SimCorp and BlackRock.
The SEP investment in FundApps was led by Angus Conroy. Tony Robison, who has been a member of the FundApps Board of Directors, led the exit process for SEP along with Alizeh McClelland. Commenting on the exit Tony said: “We are delighted to have supported FundApps over the last four years as it has grown its market presence, product suite, and international reach. We wish Andrew and the team continued success in the future with their new investors.”
Financial and regulatory technology sectors continue to be key focus areas for investment for SEP, aligning with its broader strategy of investing in innovative, high-quality enterprise software and technology companies.
SEP announces successful exit of FundApps
SEP has completed a successful exit from FundApps, a London headquartered regulatory software company.
Since SEP invested in FundApps in 2021, the company has become widely recognised as a best-in-class platform for shareholding disclosure and position monitoring and reporting, and a trusted partner for the world’s leading financial institutions. It has grown assets under management from c.$13 trillion to over $29 trillion and now serves over 160 clients across North America, EMEA and Asia.
Led by founder and CEO Andrew White, FundApps operates agnostically across both buy-side and sell-side institutions, enabling it to serve a wide market of asset and wealth managers, hedge funds, capital allocators and banks. Strengthened by a vast and growing client community, its rules and calculation engine incorporates industry best practices and provides enterprise-grade compliance with high-integrity assurance that regulatory obligations are consistently met.
SEP supported FundApps to scale sustainably through strategic investment in sales and marketing and in R&D to expand the product suite and develop its fully scalable, cloud native technology platform. SEP also helped the business to build key relationships with partners, such as SimCorp and BlackRock.
The SEP investment in FundApps was led by Angus Conroy. Tony Robison, who has been a member of the FundApps Board of Directors, led the exit process for SEP along with Alizeh McClelland. Commenting on the exit Tony said: “We are delighted to have supported FundApps over the last four years as it has grown its market presence, product suite, and international reach. We wish Andrew and the team continued success in the future with their new investors.”
Financial and regulatory technology sectors continue to be key focus areas for investment for SEP, aligning with its broader strategy of investing in innovative, high-quality enterprise software and technology companies.
