£1m investment heralds launch of new integrated risk management platform

Ryan Swann and Michael Aldred

Manchester-based technology start-up, RiskSmart, has launched into the UK market after securing investment of more than £1m from NPIF Maven Equity Finance, and other institutional investors.

RiskSmart is an integrated risk management platform, founded by Ryan Swann and Michael Aldred, who bring extensive experience in risk management and fintech services.

The start-up will aim to simplify risk for small to medium businesses that have been under-served by complex and expensive platforms, frameworks and manual processes in the industry.

Utilising data and AI technology, RiskSmart offers tech-led, automated, and centralised risk management that increases confidence and business resilience.

Ryan Swann said: “RiskSmart’s mission is to help businesses succeed through simple, smart, and state-of-the-art risk management.

“Having been in the industry for many years myself, I recognised a gap in the market to provide risk management in a better way. We’re starting the risk management revolution and empowering risk, compliance and legal teams to digitise their services.”

Supported by an extensively experienced senior management team, including Matthew Rudd (head of product), Emma Bamford (head of customer success), and Jonathan Sabinsky (head of sales and marketing), RiskSmart has ambitious plans for significant growth by the end of 2024 and to secure Gartner recognition within the same time frame.

Dean Cox, senior investment manager at Maven, said: “This is an exciting investment for Maven and NPIF.

“More established providers of risk management solutions focus on larger companies and are priced accordingly, so there is a clear gap in the market for an ambitious business like RiskSmart to target the underserved SME segment.

“The team has significant experience in this sector, and we look forward to helping them move a step closer to creating an enterprise product which can be scaled.”