Case

SecondFloor

Providing growth capital to realize the transition from a project-driven organization to a software-focused organization.

SecondFloor case study

SecondFloor is a market leading specialized RegTech supplier of risk and regulatory reporting solutions in Europe. Their mission is to accelerate reporting with innovative and reliable solutions, that facilitate the reporting and governance processes of their customers. In complex regulated environments – with new requirements, more reporting and shorter timelines – their clients feel confident with controlled and audited processes that produce the required reports on time. SecondFloor offers scalable solutions that fit any size of company in the highly regulated financial sector.

With over 100 customers in 15 countries across Europe SecondFloor is a market leader in efficient and automated regulatory reporting. A Team of highly committed professionals work from the Dutch head office near Amsterdam.

Main Capital invested in SecondFloor in 2010 in order to establish a organic growth strategy in combination with the roll out of the standardized solutions in a professional way. With this growth capital, SecondFloor was able to transition from a project-driven organization to a software-focused organization. Assisted by Main Capital, SecondFloor was merged with cleversoft, a RegTech provider for Financial Services, in 2019. cleversoft became a portfolio company of Main Capital in 2018. The merger with cleversoft offered an excellent opportunity to make a next step in the development of the company. As part of cleversoft group they are now even better equipped to scale the SaaS-/Cloud-services and anticipate on expected growth in the market.

Key figures

SecondFloor


100+

Customers

>60%

Recurring revenues

"Without the support of Main we would not have been able to develop the product we currently have"

Bart Oortwijn
CEO - SecondFloor

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