AutoRek is a leading software provider to the global financial services sector.
The company sits within the large and high growth, regulatory and financial data management sub-sector of the broader RegTech market. This is a significant focus area for financial institutions, with data management becoming increasingly complex and errors potentially leading to workflow challenges, costly delays and compliance breaches.
AutoRek’s software platform is a business critical tool that is used by most customers on a daily basis. Its configurable, rules driven platform allows firms to automate and streamline the collection, validation and reconciliation of data. This facilitates the necessary transparency for good governance and fulfilling regulatory obligations. Efficiency and cost reduction are delivered by eliminating spreadsheets and manual processing, as well as mitigating operational and regulatory risk associated with managing high volumes of data.
Its clients span the asset management, banking and insurance sectors and include commercial banks, payment platforms, fintech start-ups and established life and pensions companies.
Headquartered in Glasgow, with offices in Edinburgh, London and New York, the firm has over 85 employees, possessing extensive experience in finance, regulation and technology. Corporate social responsibility is at the heart of AutoRek’s ethos and it is involved in a number of initiatives to reduce waste, help local communities and create a positive work environment for its employees.
“We are delighted to have SEP on board as an investment partner to continue the successful evolution of the AutoRek business. SEP has extensive experience in the software sector and we are looking forward to working with them to build on our recent growth and to capitalise on the substantial opportunity within the global financial services market.”
Gordon McHarg, co-founder and CEO, AutoRek
- Investment date