VoxSmart secures £9.6m from backers including Toscafund to develop its compliance technology.
The funding round was backed by existing investors such as Toscafund.
VoxSmart provides cloud-based mobile recording and communications surveillance technology for global financial institutions. The firm operates across six countries, serving over 100 clients with regulatory compliance and risk management tools.
London based financial technology provider VoxSmart has secured £9.6m in fresh funding from backers including Toscafund. The capital infusion comes during a period of market volatility, driven by increasing regulatory scrutiny over communications channels like WhatsApp. The firm intends to direct the proceeds towards developing its technology suite for a broader range of clients.
From the founder
"We are in a period of extremely wavering investor confidence, with a lot of uncertainty, on the banking side, in the air. The fact that our investors have once again placed their trust in us is testament to VoxSmart’s market position, as well as the confidence in our team, technology and AI capabilities."
Oliver Blower
CEO at VoxSmart
Investor perspective
"VoxSmart has significant experience in assisting global market participants with these incredibly complex matters,"
George Koulouris
Partner, Toscafund
Use of funds
- 01Continue product development
