Napier AI, a company specialising in artificial intelligence (AI) powered financial crime compliance solutions, has secured a majority investment from Marlin Equity Partners.
Marlin Equity Partners is a global investment firm with over $9 billion in capital commitments.
With the deal, Marlin said it will work alongside Napier AI's management team to help it strengthen its market position through global market expansion in its next phase of growth and development.
Napier AI's end-to-end intelligent compliance platform aims to provide AI-powered anti-money laundering and financial crime compliance software to financial institutions, payment and wealth management companies.
Its client base includes HSBC, State Street, Mizuho Trust & Banking, SS&C, Starling Bank, ClearBank and WTW.
Napier AI said the investment highlights the demand for AI solutions in anti-money laundering and counter-terrorist financing.
Financial terms of the deal were not disclosed.
Mike Wilkinson, a managing director at Marlin, added: “As the regulatory landscape becomes more complex, this mission-critical compliance-first AI platform is well-positioned to deliver continued growth in the global anti-financial crime market.”
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