SmartSearch secures new investment from Triple Private Equity

Anti-money laundering (AML) software provider SmartSearch has signed an agreement to receive a significant equity investment from Triple Private Equity.

The move will see Triple take a majority share in the business and work alongside the existing management to deliver on the company’s next stage of growth.

SmartSearch founders and existing shareholders are still retaining a minority in the company.

The SmartSearch platform enables firms to navigate regulatory demands including AML compliance, customer due diligence, Know Your Customer (KYC) and Know Your Business (KYB) procedures. It is trusted by more than 7,000 client firms and 60,000 users across a range of regulated markets including legal, accountancy, property and financial services.

CEO of SmartSearch, Guy Harrison, said: “Triple is an excellent match for SmartSearch in its ambitious next phase of growth. The business is especially looking forward to calling on its deep expertise in scaling mission critical, B2B risk and compliance software.”

Head of investments and managing and founding partner at Triple, Mads Hansen, added: “[SmartSearch] has shown consistent growth and profitability and provides a high-quality software platform for its clients. We look forward to partnering with the SmartSearch team to pursue the company’s next stage of growth.”

Share Story:

Recent Stories

Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.

An outlook on the BTL market
MoneyAge Editor, Adam Cadle, talks to Landbay senior regional account manager, Alex Witham, about current market sentiment within the BTL space and Landbay’s success in this area

Empowering advisers: A decade of education in Later Life Lending with Air Academy
Michael Griffiths is joined by chairman of Air Club and former founder and CEO of Air, Stuart Wilson, and head of the Air Academy, Daniel Holden, to look back on a decade of business focused learning at the Air Academy.


Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.