FundApps is a leading regulatory compliance software provider to the global financial services market. The company monitors over 10% of global assets under management, with more than 1,000 compliance professionals at asset managers, hedge funds, sovereign wealth funds and banks using the platform to meet their shareholding disclosure and position limits reporting obligations.
FundApps provides a comprehensive automated solution which covers interpretation and application of regulatory reporting rules, together with the automated creation of regulatory submissions. The software platform is a business critical tool which is used on a daily basis by a growing and active community of customers.
Holders of publicly listed equities and derivatives are required to report their positions to local regulators and issuers on meeting certain ownership thresholds. More than 100 jurisdictions globally enforce such regulations, with rules varying by jurisdiction and updated hundreds of times each year. Regulatory enforcement in this area is tightening and rules are becoming increasingly complex to manage, particularly for organisations with holdings across multiple funds, entities and regions.
FundApps is headquartered in London and has offices in New York and Singapore. The company has 70 employees across these locations who together possess significant regulatory and technology expertise. FundApps is a certified B Corp, and corporate social responsibility is at the heart of its ethos.
“Having bootstrapped our way since 2010, FundApps has experienced exceptional growth in recent years, but we have only just scratched the surface of the regulatory challenge. It is clear that in SEP, we have found a long-term partner who not only understands the scale of the problem faced by the global investment industry, but one who is excited to work with us to introduce transformative services to an industry crying out for further innovation”.
Andrew Patrick White, founder and CEO, FundApps
- UK, US, Singapore
- Investment date