Connect with us

Hi, what are you looking for?

Investing

RiskSmart raises £1m to launch SME risk managment platform in UK

Manchester-based risk management platform RiskSmart has launched in the UK following a £1m investment from NPIF Maven Equity Finance alongside institutional investors.

Founded earlier this year by Ryan Swann and Michael Aldred, the regtech company has built a risk management platform for small to medium-sized businesses.

“RiskSmart’s mission is to help businesses succeed through simple, smart, and state-of-the-art risk management. Having been in the industry for many years myself, I recognised a gap in the market to provide risk management in a better way,” said Ryan Swann, founder, RiskSmart.

Risk management software is used by businesses to find, evaluate and record risks within their organisation.

RiskSmart displays a company’s quantifiable risk data and says it uses automation to remove manual processes.

Maven Equity Finance invests between £50,000-£2m in businesses across North West, Yorkshire, the Humber and Tees Valley.

Dean Cox, senior investment manager at Maven, said: “More established providers of risk management solutions focus on larger companies and are priced accordingly, so there is a clear gap in the market for an ambitious business like RiskSmart to target the underserved SME segment.”

In June NPIF Maven Equity Finance invested £1m into Staffordshire-based vehicle leasing platform Moneyshake. Last month, it co-led the £5.9m investment into Leeds-based VR specialist XR Games.

Read more:
RiskSmart raises £1m to launch SME risk managment platform in UK

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global plastic pollution treaty, weeks...

Economy

By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded its growth forecast for the Philippines for this year and 2023, citing an “accommodative”...

Economy

THE PHILIPPINE auto industry’s sales recovery will likely be derailed if a measure reimposing excise taxes on pickup trucks is signed into law, according...

Economy

THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected to...

Economy

THE ASIAN Development Bank (ADB) is planning to allocate at least $14 billion for a program aimed at easing a food crisis in the...

Investing

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.