This transaction marks the second add-on acquisition in RiskConcile’s international buy-and-build strategy since partnering with Main Capital Partners in June 2024
Founded in 2018 and headquartered in Paris, France, B4Finance delivers digital investor onboarding and fund subscription software, with a particularly strong footprint in the French alternative investment fund sector. Its cloud-based software platform streamlines investor onboarding and compliance processes by fully automating KYC/AML verification, risk assessment, and investor registration processes. Its digital fund subscription module enables clients to manage every stage of the investment lifecycle, from initial subscription to fund closing. Today, B4Finance serves nearly eighty clients, which are primarily French private equity firms and asset managers.
The acquisition of B4Finance enables RiskConcile to deliver a more comprehensive offering to its clients, expanding its capabilities to include digital investor onboarding and fund subscription alongside its existing regulatory reporting, risk management, and fund data solutions. After the acquisition of London-based Fitz Partners earlier this year, this transaction further strengthens RiskConcile’s footprint across Europe by establishing a strong local presence in Paris. This strategic location provides direct access to the French fund industry and unlocks additional growth opportunities in one of the continent’s key financial centers.
The acquisition of B4Finance is another important step in building a pan-European leader in regulatory technology for the fund industry."
Jorn de Ruijter, Investment Director at Main Capital Partners and Chairman of the Board of Directors at RiskConcile: “The acquisition of B4Finance is another important step in building a pan-European leader in regulatory technology for the fund industry. The combination strengthens RiskConcile’s position in the French market and expands its capabilities across digital investor onboarding and fund subscription. It also underscores Main’s strategy to support fast-growing software leaders in executing cross-border expansion and delivering integrated value to clients across Europe.”
Jan De Spiegeleer, Co-Founder & CEO of RiskConcile: “We are delighted to welcome the B4Finance team to RiskConcile. Its modern software platform automating investor onboarding and compliance processes are a strong complement to our existing regulatory reporting, risk management, and fund data capabilities. Together, we are creating a truly integrated European solution that helps asset managers and fund service providers streamline their regulatory and operational workflows with greater efficiency.”
Gabriela Paciu, Founder & CEO of B4Finance: “Joining forces with RiskConcile marks an exciting new chapter for B4Finance. With a shared vision of harnessing technology to simplify complex regulatory and compliance challenges in the fund industry, RiskConcile was a natural fit. This partnership will allow us to accelerate our growth and strengthen our presence in France, while providing a solid foundation for international expansion. Together, we will be even better positioned to deliver the innovation and quality our clients have come to expect.”
Founded in 2018, B4Finance is a Paris-based developer of cloud-based investor onboarding and fund subscription software. The platform integrates automated KYC/AML verification, risk assessment, investor registration processes and digital fund subscription functionalities, enabling clients to digitize onboarding, streamline subscription processes and meet regulatory obligations efficiently. The company supports a wide range of private equity firms and asset managers in transforming operational, compliance and client experience challenges into scalable competitive advantages.
Founded in 2015, RiskConcile is a Belgian software developer of cloud-based regulatory reporting, risk calculation and fund data solutions that support asset managers, fund managers and fund service providers in managing their clients’ risk and meeting regulatory requirements. The company offers proprietary software tools and data for regulatory disclosures and reports, complex transaction calculations and portfolio and risk management functionalities. Its areas of expertise include PRIIPs, TCA, AIFMD Annex IV, Liquidity Stress Testing, Solvency, and SFDR. The company serves a diverse client base across the Benelux, UK & Ireland, France, and the Nordics.
Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.
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