Scottish Equity Partners invests in regtech company AutoRek

Scottish Equity Partners (SEP) has closed an equity investment in UK-based SaaS platform AutoRek . Its software automates high-volume reconciliation, exception management and data analysis workflows to improve governance of financial and regulatory risk; operating in a $2 billion-plus per annual, global regulatory and data management software market.

The deal was led by SEP Partner Andrew Davison and Angus Conroy, a Director at the firm. Both will join the AutoRek Board.

“AutoRek is a fast growing and capital efficient SaaS company, delivering business critical functionality to financial institutions across the asset management, banking and insurance sectors. The company has an excellent reputation in the financial and regulatory data management market and a strong focus on product innovation. We are pleased to be working with the management team to help them achieve their growth ambitions.” – Angus Conroy.

“We are delighted to have SEP on board as an investment partner to continue the successful evolution of the AutoRek business. SEP has extensive experience in the software sector and we are looking forward to working with them to build on our recent growth and to capitalize on the substantial opportunity within the global financial services market.” – Gordon McHarg, co-founder and CEO of AutoRek.