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Maven invests £4m in regtech specialist Novatus

Maven Capital Partners’ (Maven) Maven VCTs have committed £4 million of investment to Novatus Advisory Limited (Novatus).

London headquartered Novatus provides specialised advice to financial services firms to support them in complying with their regulatory obligations, including risk, compliance and ESG programmes. Key to this is Novatus’ RegTech division which develops market leading tools to support firms with complex challenges. The flagship product – the Novatus Transaction Reporting Analysis (TRA) tool, enables banks and asset managers to meet their transaction reporting reconciliation requirements in an efficient and cost-effective manner.

The funding from Maven will be used by Novatus to invest further in its team of leading technical advisors, while expanding its sales and marketing resources to support the growth of its RegTech offering. The funding will also support ongoing investment in its TRA tool as the company targets further penetration of the market to help deliver on its ambitious plans.

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