Conpend, a leading Dutch AI fintech company, has recently announced a significant investment from Cape Investment Partners (CIP), an Amsterdam-based entrepreneurial investment firm. The investment will help accelerate Conpend’s growth journey, supporting its global expansion, enhancing product innovation, and broadening its customer base among banks and financial institutions worldwide.
Established in 2016, Conpend is a profitable company with over 60 international employees. It is known for its advanced and proven AI-powered solutions that automate and streamline complex processes within trade finance, compliance, and risk management. Its flagship product, TRADE AI, utilizes the proprietary conpend.ai platform to empower financial institutions to efficiently automate manual processes, navigate regulatory complexities, and improve overall operational efficiency.
With a client base of over 35 leading financial institutions, including Commerzbank, ING, and UniCredit, Conpend’s revolutionary hybrid data capture technology efficiently extracts structured data from unstructured documents with exceptional accuracy. This data is then screened for compliance against industry guidelines and validated against commercial standards, delivered through a modern and scalable architecture.
The investment from CIP will provide strategic support for Conpend’s experienced leadership team, led by founder and CEO Marc Smith. CIP will offer strategic guidance and operational expertise to accelerate growth across markets, leveraging Conpend’s globally scalable AI solutions, advancing technology development, and attracting top industry talent.
Marc Smith, CEO of Conpend, stated, “Conpend is at an exciting stage in its growth journey. We have proven AI technology, a growing international footprint, and a market that increasingly demands digital transformation. With CIP’s support, we can take the next step and accelerate the delivery of real value to our clients.”
This investment aligns with CIP’s strategy of partnering with high-growth companies that have scalable business models, strong market positions, and long-term value creation potential. With a focus on ambitious companies with an international presence and high-quality client and asset base, CIP manages an asset base with a combined enterprise value of over EUR 300 million and has a typical transaction size of EUR 25 to EUR 75 million.
For more information, please contact Ruben Cardol at ruben.cardol@cffcommunications.nl or +31 (0)6 55358427.
