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

by

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.

You may also like

IT'S YOUR OPPORTUNITY OF THE YEAR!
Subscribe for FREE today and get your daily shot of smart news about the Economy and Investing.
We are dedicated to keeping any data we collect from you — safe and secure. Here you can read our privacy policy.