Chat app watchdog secures £5.5m from NatWest
UK FinTech firm VoxSmart has secured £5.5m from NatWest to reach new markets and speed up its product development.
The company provides surveillance software which tracks communication across chat-apps such as WeChat and WhatsApp for signs of capital market abuse and malpractice.
The London firm, with offices in New York and Singapore, claims to have a portfolio of over 100 blue chip customers from within financial services to which it providers four products for achieving regulatory compliance.
The financing from NatWest builds on the strong support VoxSmart continues to receive from Deepbridge Capital LLP a leading Investor in UK Technology Companies as well as a large number of high-profile UK Angel Investors.
The Series B financing comes from Natwest’s new £100m Growth Capital fund, designed to to support enterprise growth in the UK.
Kit Maclaren, Director of NatWest Growth Capital, said: “Financing UK companies such as VoxSmart, reflects our firm wide dedication to supporting high growth, innovative scale-up businesses and is the key driver behind our new Growth Capital product. We are hugely excited to support the team at VoxSmart.”
Oliver Blower, Group Chief Executive Officer at VoxSmart added: “No other vendor in this space has the Financial Markets DNA, expertise and pedigree that VoxSmart has.
“We are building something unique together with our clients and continue to be excited with how our technology is redefining how financial markets see their data. We are delighted to have NatWest support us as we continue to set the global standard for communications surveillance.”