🏆 Deal of the Week · CW 50/2022
Acin raised USD 24 million in a Series B round; the company's valuation was not disclosed. The round was backed by a consortium of eight investors including JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group alongside venture capital firms Fitch Ventures, Notion Capital, and Talis Capital.
Acin — key deal facts
| Company | Acin |
| Founded | 2018 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 24M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series B |
| Investors | Barclays Corporate Banking (https://www.barclayscorporate.com/) BNP Paribas (https://www.bnpparibas.at/en/) Citi (https://www.citi.com/) Fitch Ventures (https://www.fitch.group/) JP Morgan (https://www.jpmorgan.com/AT/en/about-us) Lloyds Banking Group Notion Capital (https://www.notion.vc/) Talis Capital (https://taliscapital.com/) |
| Sectors | FinTech |
Who invested in Acin?
The investor syndicate comprises Barclays Corporate Banking, BNP Paribas, Citi, Fitch Ventures, JP Morgan, Lloyds Banking Group, Notion Capital, and Talis Capital. The participation of five major global banks as direct investors is notably rare for a Series B round and signals strong institutional validation of Acin's operational risk platform. Strategic investment from these banks also implies access to client networks and regulatory insight that go beyond conventional venture capital backing.
What does Acin do?
Acin is a London-headquartered FinTech and RegTech company founded in 2018 by Paul Ford, who serves as CEO. The company digitizes non-financial risk (NFR) for financial institutions by mapping risks and controls into a unified, data-driven view. Its core product is an AI-driven platform that assigns unique barcode-like Advanced Control Identification Numbers to risk controls and includes a Rewrite Tool that standardizes control language, allowing banks to benchmark their risk posture against peers and demonstrate regulatory compliance.
Acin valuation & multiples
No existing multiples analysis was provided for this deal. Once revenue and EBITDA figures become available, Acin can be benchmarked against prevailing EV/Sales and EV/EBITDA ranges for FinTech and RegTech comparables. Explore Venionaire DealMatrix's FinTech sector multiples pages for current valuation reference points.
Explore the benchmarks: Series B.
Frequently asked questions
How much did Acin raise in its Series B?
Acin raised USD 24 million in its Series B round, announced in December 2022 (KW 50/2022).
What is Acin's valuation?
Acin's valuation was not disclosed in connection with this Series B round.
Who invested in Acin?
The round was backed by Barclays Corporate Banking, BNP Paribas, Citi, Fitch Ventures, JP Morgan, Lloyds Banking Group, Notion Capital, and Talis Capital.
When was Acin founded and where is it based?
Acin was founded in 2018 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.