Novatus Global
Deal Type
Growth Capital
Initial Investment
June 2022
Sector
Services
Fund
Growth Capital
Status
Current
Novatus Global, which provides specialised advice to financial services firms to support them in meeting their regulatory obligations, including risk, compliance and Environmental, Social and Governance (ESG) programmes.
Novatus also has an innovative RegTech division which has developed a range of market leading tools. Its flagship product enables banks and asset managers to solve their most complex challenges and meet transaction reporting reconciliation requirements in an efficient and cost-effective way.
Novatus operates in a rapidly expanding market with clear and compelling growth drivers as financial services organisations are subject to ever increasing and more complex regulatory obligations. The demand for Novatus’ services has increased year on year and there are significant opportunities to scale further in a global market estimated to be worth £18.8 billion per annum.
Novatus represents an excellent opportunity for the Maven VCTs to invest in a profitable business that has delivered impressive year-on-year growth and with a demonstrable track record of supporting leading financial service firms. We can see the significant value that its tech solution offers to clients. Its advisory and consultancy services are already highly rated and trusted by its client base and the Maven investment will provide the resource Novatus needs to continue to provide its high level of service while pursuing sales growth, alongside the continued development of its complementary technology platform.
Alan Robertson, Partner at Maven