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News and resources on financial crime, including fraud, scams, Anti Money Laundering and Know Your Customer.

Napier AI lands £45 million in funding

UK financial crime RegTech Napier AI has landed £45m in backing from US-based Crestline Investors.

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Napier AI lands £45 million in funding

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Headquartered in London, and founded in 2015, Napier AI is a provider of AI-enhanced financial crime and regulation technology compliance software providing AML screening for the banking, payments and wealth & asset management industries.

Napier technology is used by institutions to screen, monitor and identify, criminal or suspicious activities, with the added functionality of regulatory reporting.

Since 2021, top-line revenue has grown at 30%+ year on year, as Napier AI has invested in its go-to-market organisation and bolstered its product line via dedicated R&D. The company has 150 customers worldwide.

Greg Watson, CEO at Napier AI, says: "Financial crime compliance operations and regulatory pressure continue to be large overheads for financial institutions, so there is a need to invest in NextGen AI-enhanced solutions with the benefit of trusted technology and delivery.”

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