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Monterro invests in Trapets

Software investor Monterro has acquired a majority stake in Trapets AB, a Nordic leading RegTech company. Trapets provides a leading SaaS platform to combat financial crime and aid regulatory compliance. With Monterro’s experience in building B2B software companies and Trapets’ solid RegTech credentials, the two aim to further invest in product development, organizational growth and expansion outside the Nordics.

Monterro is the largest investor in the Nordic region focusing exclusively on B2B software companies and closed its third fund at 2.5 billion SEK in January 2019. In total, the firm manages 4.3 billion SEK.

“We’ve been watching Trapets develop as a promising growth stage company within the booming RegTech industry for some time”, says Thomas Bill, Managing Partner at Monterro. “Their advanced SaaS platform is the product of unmatched expertise and domain knowledge, helping customers to detect, understand and prevent financial crimes while bolstering regulatory compliance. Alongside their ever-expanding customer base in the Nordics, they’re also seeing strong growth across Europe, especially in the U.K. There’s great potential for international expansion and we’re excited to accelerate growth together through product investment and organizational expansion.”

Stockholm based Trapets AB provides a RegTech (Regulatory Compliance) SaaS solution to the global financial sector to prevent financial crimes and to assure regulatory compliance. The company simplifies advanced monitoring in their customers’ daily operations—from initial and ongoing Know Your Customer compliance, to surveillance for anti money laundering, terror financing and fraud. Trapets also provides market and trading surveillance including detection of insider trading and marketing manipulation.

“Our partnership with Monterro will help us expand faster and invest in a stronger product platform for our customers. Monterro has a rock-solid track record in supporting the kind of growth journey we’re aiming for and their assistance will be hugely beneficial in Trapets’ continued expansion”, says Dan Sjöholm, CEO at Trapets.

About Trapets

Trapets has 20 years experience as a leading SaaS RegTech provider in the Nordics, delivering a platform to prevent financial crimes.

The company is ISO-27001 certified and serves the global financial industry, working with banks, fintechs, fund/asset management companies,stock/securities exchanges, brokers and financial services authorities.

InstantWatch is Trapets own developed SaaS platform with modules for initial and ongoing due diligence, money laundering detection and fraud and market surveillance. Trapets’ expert team also provide unique managed services for companies looking to fully outsource their surveillance activities. The InstantWatch platform handles over 3 billion transactions every day and analyzes over 1 million patterns every second.

About Monterro

Monterro is the leading B2B software investor in the Nordics, with a mission to turn Nordic software companies into market leaders. With operational experience from successfully developing and running companies such as Pointsec, Episerver, and Orc Software, Monterro actively supports its portfolio companies in all aspects of growth. A substantial part of the fund’s capital, 30 percent, comes from Monterro’s founders and employees. Since it was founded in 2012, Monterro has completed 13 investments and 14 add-on investments.

For additional information, please contact:

Dan Sjöholm, CEO, Trapets
+46 706 42 08 47 | dan.sjoholm@trapets.com

Thomas Bill, Managing Partner, Monterro
+46 705 426 271 | thomas.bill@monterro.se