Handshakes, a Singapore-based provider of a data analytics and risk monitoring solution specializing in corporate intelligence, received an investment from S&P Global and Nikkei.
The amount of there deal was not disclosed.
S&P Global has taken a new 15.87% stake as Nikkei increased its stake to 25.87%. SPH Media Holdings Pte. Ltd. remains invested with a 17.55% stake. This latest investment round values Handshakes at US$63m.
The company intends to use the funds to build new product features and launch Handshakes onto the global stage.
Co-founded by Daryl Neo and Charles Poon, Handshakes provides a platform that increases corporate transparency by giving clients access and insights to complex corporate data centered on companies and individuals. AI technologies enable reconciliation of entities across multiple data sources and jurisdictions – including government data, news and private repositories.
The company has a regional client base in audit, banking, investigation and enforcement.
FinSMEs
25/08/2022