Arkk secures £5m from Mobeus to expand its regulatory reporting software.
Mobeus has provided growth capital to support the expansion of Arkk and its regulatory reporting platform.
Arkk provides a software as a service platform that digitises regulatory reporting for corporate clients. The company serves over 800 clients across 20 countries, including major accounting firms and large enterprises.
Arkk has secured £5m in growth capital from Mobeus to support its expansion in the tax and regulatory reporting market. The funding will be directed towards new product development, sales, and marketing initiatives.
The investment follows the recent launch of the company's for:sight platform, which aims to simplify compliance processes for finance teams. Mobeus Investment Partner Amit Hindocha led the transaction, with Bob Henry joining the board upon completion.
From the founder
"Mobeus’s investment in Arkk comes at a tipping point for transforming tax and reporting functions. CEOs trying to steer companies through a tough competitive and regulatory environment can no longer afford to get tax wrong. The timeliness and accuracy of external reporting underpins a company’s standing with investors, regulators, customers, employees, suppliers and society."
Richard Metcalfe
CEO at Arkk
Investor perspective
"As tax authorities increase pressure to boost revenues and improve transparency through digitising all tax and compliance reporting, Arkk has a fantastic opportunity to leverage its unique platform, strong reputation in the regulatory reporting market, and very loyal customer base. Manual tax processes no longer serve the needs of companies that are going global, adopting new business models and managing complex geo-political issues like Brexit."
Amit Hindocha
Investment Partner, Mobeus
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
