- London-based regtech Napier AI has secured a £45 million investment from US-based Crestline Investors to support its business expansion plans.
- Napier AI, founded in 2015, utilizes big data, artificial intelligence (AI), and machine learning to provide anti-money laundering (AML) and corporate compliance solutions.
- The investment will drive the firm’s growth efforts and contribute to the development of its explainable AI-powered screening and monitoring offerings.
- Napier AI currently serves 150 institutions and sees the investment as crucial during a transformative period in the industry for know-your-customer (KYC) and AML solutions.
- The funding follows recent partnerships with firms like Starling Bank and Lyra Group.
