Vespa Capital has partnered with the leadership team at Origo to establish the fintech as a fully independent company.
Origo is the infrastructure fintech provider to the pensions and lifetime savings industry. It was established in 1989 as a non-profit organisation owned by twelve pensions providers and investment management firms with a mandate to develop technology solutions to solve inefficiencies and process pain points across the industry.
Since inception, Edinburgh-based Origo has developed several market leading technology products across its two brands, Origo and Unipass, helping to transform the industry as well as connecting the market for the benefit of pensions providers, financial advisers and consumers.
Vespa Capital is supporting the incumbent management team led by Anthony Rafferty (CEO), Graham McLachlan (CFO), Garry Miller (COO) and Richard Clark (CCO). The investment will enable Origo to become a fully independent company with the governance structure and support to invest in developing existing offerings and deliver new solutions for the pensions and wider financial services markets.
The transaction was concluded on 20 May for an undisclosed sum.
