Singapore-headquartered Xcelerate, a prominent governance, risk & compliance (GRC), and environmental, social & governance (ESG) platform, has closed a funding round exceeding $25m.
This substantial financial injection was led by Federated Hermes Private Equity, a global investor with a noteworthy $6.4bn in assets under management and a 30-year history of fostering high-growth businesses. The round also benefited from the enthusiastic participation of existing institutional investors Altair Capital and Exacta Capital Partners, alongside further investments from Xcelerate’s co-founders and other current shareholders.
Xcelerate stands at the forefront of offering tech-enabled, scalable compliance solutions. These solutions cater to highly regulated and complex industries, thanks to a robust team of subject matter experts. The platform is committed to maintaining the highest governance standards, managing risk, and ensuring compliance with a broad array of statutes, laws, and regulations. With a clear focus on both organic and inorganic growth, Xcelerate plans to deploy the new funds for strategic acquisitions and continued investment in its operations, team, and technology infrastructure.
Madhujeet Chimni, co-founder of Xcelerate, said, “With the support of this group of highly respected and reputed equity partners, we will aggressively expand into new segments under the GRC and ESG sectors. We feel confident in executing the business plan to build a regional platform with technology-led solutions, supported by strong entrepreneurs with rich domain expertise.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
Copyright © 2018 RegTech Analyst
