back Back

Encompass secures new investments from Beacon Equity Partners

By Megha Bhattacharya

March 17, 2021

  • Encompass
  • Europe
Share

encompassRegTech company Encompass Corporation has secured new investments from private equity group Beacon Equity Partners. Beacon Partner, Joe Bradley, a FinTech investor, will also join Encompass’ Advisory Council, to sit alongside existing members Stephen Allen, former CRO of Macquarie Group; Kevin Gould, founder of IHS Markit, and Raymond W. Scott, CEO of Axolotl Corp.

Wayne Johnson, CEO and co-founder, Encompass, said about the new investment announcement, “Beacon Equity Partners is the perfect match for Encompass, with this investment enabling us to continue our rapid growth journey whilst investing across our business to meet demand. The expertise Joe and Beacon bring in growing global companies is of great benefit, particularly as we work towards formally entering the North American market in 2021 – a significant milestone for Encompass.”

Recently, financial crime screening and KYC solutions provider, Accuity announced a strategic partnership with Encompass Corporation today. The collaboration is expected to help customers in streamlining KYC processes, enhance the quality of risk assessments, and reduce compliance costs. Accuity will be enabled to develop a new solution for improving customer due diligence through a quick KYC risk assessment at the point of onboarding or periodical review in a single search.

Joe Bradley, Partner at Beacon, added, “Encompass is at the exciting stage where we like to invest in businesses – they have a clear leadership position in a growing niche in the KYC space. The number of global banks adopting the platform reflects the momentum we have seen and is a telling sign of the growth potential of this company.”

Previous Article

March 17, 2021

Standard Chartered appointed as EasyPay service provider by IATA

Read More
Next Article

March 17, 2021

4 French FinTech companies revolutionising the financial space

Read More








IBSi Daily News Analysis

South East Asia

February 28, 2024

Encompass

FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 29, 2024

Barclays to sell $1.1b worth US credit card debt to Blackstone

Read More

February 29, 2024

Mintos debuts multi-asset investment platform in Italy and Spain

Read More

February 27, 2024

Moomoo expands footprint in Malaysia with Investment Super App

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023