Novatus Global Raises $40 Million for Global Expansion and Tech

Novatus Global Secures Major Investment for Growth

Novatus Global Limited, a premier provider of regulatory technology solutions for financial institutions, has successfully secured a $40 million investment from Silversmith Capital Partners, a Boston-based growth equity firm. This strategic funding will significantly aid Novatus as it embarks on a journey to enhance its regulatory services, amplify its reach internationally, and solidify its market position.

Driving Transformation in Regulatory Technology

Since its inception in 2019, Novatus has established a robust reputation by providing innovative regulatory solutions to major banks and financial institutions worldwide. With revenues having more than tripled over the past year, the company is poised to utilize the recent investment for deepening its technological advancements. The funding will allow Novatus to expand its geographic presence while continuously improving its best-in-class SaaS platform.

Enhancing Regulatory Compliance with Leading Solutions

Novatus’s flagship product, Novatus En:ACT, is a top-tier SaaS platform that excels at navigating the complexities of global regulations. It offers clients accurate and timely reporting capabilities, essential for fulfilling their compliance obligations across various jurisdictions. The cloud-native platform enables companies to reconcile numerous source systems and submission files required for G20 transaction reporting.

Advisory Services to Navigate Compliance Challenges

In addition to its technological offerings, Novatus provides expert-led advisory services. This support leverages the company’s industry expertise to assist clients of all sizes in overcoming their specific compliance hurdles, particularly in areas such as risk management and ESG initiatives. Novatus’s aim is to empower financial institutions to tackle proprietary regulatory challenges effectively.

Strategic Ambitions and Future Growth

Reflecting on the investment, Andrew Hedley, Co-Founder and Partner of Novatus, expressed his enthusiasm for the partnership with Silversmith. He indicated that the funding will propel Novatus’s commitment to innovation while supporting their expansion in new markets, particularly in North America, following their successful entry into Australia.

Recognizing the Unique Market Position

Matthew Ranson, also a Co-Founder and Partner, shared insights on the origin of Novatus’s approach. Having experienced the complexities of transaction reporting firsthand, they intended to create solutions that minimize human intervention through automation. Silversmith’s alliance amplifies this vision, furthering their unique position in the regulatory technology landscape, especially with the integration of AI and machine learning.

Acknowledging the Support of Investors

Ned Kingsley, Principal at Silversmith, underscored the firm’s investment philosophy of backing exceptional founders. They recognize the transformative work being done by Andrew and Matt at Novatus, believing in their potential to reshape transaction reporting significantly.

Future Collaborations and Board Enhancements

With this infusion of capital, Silversmith team members Todd MacLean and Ned Kingsley will be joining Novatus’s Board of Directors. This collaboration aims to drive further advancements in Novatus's offerings and overall growth. Existing investors, including Maven Capital Partners, remain actively involved in supporting Novatus as it matures and scales its operations globally.

About Novatus Global Limited

Founded in 2019, Novatus Global is committed to empowering large financial institutions to adeptly navigate intricate regulatory challenges. Through their award-winning Novatus En:ACT platform, they ensure accurate reporting aligned with diverse global regulations, fostering operational excellence alongside compliance. Their approach combines innovative technology with extensive industry insight, positioning clients for sustainable growth.

About Silversmith Capital Partners

Silversmith Capital Partners, launched in 2015, focuses on partnering with innovative entrepreneurs in the technology and healthcare sectors. With over $3.3 billion under management, they aim to cultivate businesses that solve real customer challenges while positioning them for long-term success. Their expertise in nurturing high-growth companies like Novatus highlights their commitment to driving impactful change in the marketplace.

Frequently Asked Questions

What is the purpose of Novatus's $40 million investment?

The investment is aimed at enhancing Novatus's regulatory solutions and expanding its market reach, particularly in North America.

What is the primary product offered by Novatus?

Novatus’s flagship product is the Novatus En:ACT platform, a SaaS solution designed for accurate transaction reporting and regulatory compliance.

Who are the main investors in Novatus?

Silversmith Capital Partners and Maven Capital Partners are notable investors supporting Novatus’s growth initiatives.

What significant changes has Novatus experienced recently?

Novatus has seen a substantial increase in revenues, tripling over the past year, attributed to the rising demand for its regulatory solutions.

What role will the new board members play?

Todd MacLean and Ned Kingsley will join Novatus’s Board to guide the company as they navigate their growth trajectory and execute their strategic plans.

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