AutoRek

AutoRek is a provider of regulatory and financial data management software. Customers range from small innovative start-ups to large global organisations in the banking, asset management, insurance and payments sectors.
 

Growing market leaders

AutoRek’s platform allows firms to automate and streamline the collection, validation and reconciliation of data. This gives customers transparency and auditability which enables regulatory obligations to be fulfilled. Further to this, efficiency and cost reduction are delivered by eliminating spreadsheets and manual processing.

Scottish Equity Partners (SEP) backed AutoRek in early 2021, spotting a business that had a leading product and a large global market opportunity. AutoRek is expanding quickly from its Glasgow HQ, winning new customers within the UK market as well as internationally. Since taking investment from SEP, the business has increased headcount by c.70%.

Already strong on the ‘E’ and the ‘S’ components of ESG – through long-standing charitable endeavours, community initiatives and sustainability schemes – SEP has assisted in enhancing AutoRek’s governance structure. An independent Non-Executive Director and a Chair have been added to the board which has helped to bring software-scaling expertise and new perspectives to the business. There have also been a number of senior additions to the team that have helped to augment an established leadership group within the business.

There are plans for further increases in headcount and continued investment in the technology platform as the business looks to expand on its position as an emerging RegTech leader.