KRM22 plc is a technology and software company helping capital markets companies including tier one banks, hedge funds, derivatives trading companies and exchanges to address regulatory, market, technology and operational risk challenges.
The Challenge
KRM22 aims to build a 'Global Risk Platform' by making investments and acquiring stakes in carefully selected technology companies with a focus on risk management software to the capital markets sector. In April 2018 KRM22 listed on AIM and raised £10M in funding.
KRM22 had a series of acquisitions lined up and the internal infrastructure and management team to acquire and integrate multiple businesses.
KRM22 had planned to use AIM to finance its growth via buy and build strategy, however periods of uncertainty with tech stocks in the AIM market made it impractical to seek further financing from AIM.
As a cash intensive company which was not yet profitable, KRM22 was not in a position to seek bank finance. As a result, KRM22 needed other options to allow them to fund the acquisitions they had targeted.