Finch Capital was identified as the most suitable funding partner after a structured process orchestrated by ScaleUp Group (SUG) involving multiple funds, which started in January of this year.
As exclusive advisor, SUG provided comprehensive support throughout the fund raise including a thorough review of eflow’s forecasts and financial model together with related investor documents so as to ensure they were suitable to achieve an optimum outcome for eflow Global. Following introductions to selected, well-qualified funds, SUG facilitated communications to identify acceptable funding proposals on the best terms for eflow.
This investment will help accelerate eflow’s growth in the UK and internationally, running at 50%+ p.a., through key hires and further product development.
The funding process was led by John O’Connell, Executive Chairman of ScaleUp Group, who commented: “Finch proved to be the most adaptable and thorough in its evaluation of eflow’s business and future plans, added to which it has relevant contacts in this market sector of tier two financial institutions, where eflow is focused.”
eflow CEO Ben Parker commented: “We began the process with ScaleUp Group against a background of a challenging global financial climate. Despite this, we were in an enviable position as investors are now looking for businesses with solid historical foundations, as well as significant growth prospects. Finch stood out as it demonstrated a vision that aligns with ours as we progress on this next stage of our journey. Finch’s demonstrable experience and expertise in our sector was the other significant factor.”
Aman Ghei, Partner at Finch Capital, added: “We are very excited to be partnering with Ben and the team at eflow. There aren’t many profitable and high-growth businesses in regulation technology and that is a testament to how well the team has done to deliver best in class SaaS solutions to marquee customers. With our investment, the team will further be able to invest in technology and product development to enable eflow customers to stay on top of the ever-changing regulatory environment.”
eflow provides award-winning regulatory compliance solutions for buy-side and sell-side financial firms which cover market abuse, best execution, transaction cost analysis, and reporting. The long-established family-run software company, which has transformed itself into a SaaS business is growing 50%+ per annum, boasting 120 clients including Aegon, Brewin Dolphin and Plus500.