Manchester-based risk management platform RiskSmart has launched in the UK following the close of a £1m-plus investment from NPIF Maven Equity Finance and other institutional investors.
Founded by Ryan Swann and Michael Aldred, the startup has created a risk management platform for small to medium-sized businesses.
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.”
Dean Cox, Senior Investment Manager at Maven, added: “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.”