RiskSmart secures £1m from NPIF Maven Equity Finance to launch its risk management platform.
NPIF Maven Equity Finance backed the funding round to help the startup target underserved small and medium businesses.
RiskSmart provides an integrated risk management platform that utilises data and artificial intelligence to automate and centralise processes for small and medium enterprises. The company was founded to simplify compliance and legal operations for underserved markets.
RiskSmart has secured £1m in funding from NPIF Maven Equity Finance alongside other institutional investors to launch its integrated risk management platform to the UK market.
Co-founded by Ryan Swann and Michael Aldred, the startup uses data and artificial intelligence to offer automated and centralised risk management solutions tailored for small and medium businesses that find existing enterprise platforms too complex and expensive.
The capital will support the company as it executes growth plans through to the end of 2024 and targets industry recognition.