|28 September 2020 -
Zelig is pleased to announce that it acted as exclusive financial adviser to Acin, the London-based data standards firm that is digitising operational and non-financial risk, on its $12 million Series A funding round.
The funding round was led by leading European SaaS investor Notion Capital
, which will work closely with Acin to drive rapid growth, and supported by Fitch Ventures, the investment arm of the US-based Fitch Group, a global leader in credit ratings and research. Other new and existing investors include Cris Conde (former President & CEO of SunGard), Christopher Carter (Chairman of Artorius Wealth Management and former Vice Chairman – Institutional Securities at Morgan Stanley) and Carlos Gonzales-Cadenas (COO at GoCardless and ex SkyScanner CPO).
The funding will enable Acin to rapidly accelerate its proposition, by continuing to enhance its cloud-based Terminal with additional inventories of risks and controls, software extensions and integrated benchmarking. This will provide financial institutions with a complete front-to-back-office solution to assess and manage their operational and non-financial risks. With extensive applications beyond financial services, Acin will expand its solution into further sectors over time.
Working with 14 tier-one banks, Acin revolutionises the way these organisations manage their operational and non-financial risk and controls through a standardised, industry-wide library, and a first-of-its-kind Network that facilitates collaboration between members.