Amsterdam-based fintech company, Conpend, has announced a majority investment from Cape Investment Partners (CIP), an entrepreneurial investment firm also based in Amsterdam. The strategic investment will provide significant support for Conpend’s global expansion, product innovation, and customer base growth among financial institutions and banks worldwide. The transaction details have not been disclosed.
Established in 2016, Conpend has over 60 international employees and is recognized for its advanced AI-powered solutions in trade finance, compliance, and risk management. Its flagship product, TRADE AI, utilizes the proprietary conpend.ai platform to automate manual processes, navigate regulatory complexities, and increase operational efficiency for financial institutions.
With a client base of over 35 leading financial institutions such as Commerzbank, ING, and UniCredit, Conpend’s hybrid data capture technology efficiently extracts structured data from unstructured documents with high accuracy. This structured data is then screened for compliance against various guidelines and validated against commercial standards.
CIP will provide strategic guidance and operational expertise to Conpend’s experienced leadership team, led by founder and CEO Marc Smith. Together, they aim to accelerate growth across markets, develop cutting-edge technology, and attract top industry talent.
Marc Smith, CEO of Conpend, expressed excitement about the investment: “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. CIP manages an asset base with a combined enterprise value of over EUR 300 million across sectors and typically invests between EUR 25 to EUR 75 million.
For more information, please contact Ruben Cardol at ruben.cardol@cffcommunications.nl or +31 (0)6 55358427.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.