London Stock Exchange welcomes KRM22 plc to AIM
KRM22 plc, the technology and software investment company, with a particular focus on risk management in capital markets, was today welcomed to the London Stock Exchange to celebrate its entry to AIM.
KRM22 were joined at The London Stock Exchange to mark the occasion with its advisers finnCap, Nominated Adviser and Sole Broker to the Company, Fieldfisher LLP, FTI Consulting, BDO and Stephenson Harwood.
Following a successful fundraise, backed by Blue chip investors, KRM22 raised £10.32m with a market capitalisation of £12.32. The company's ordinary shares will trade under the symbol: KRM.
Today, Keith Todd CBE, Executive Chairman and Chief Executive Officer of KRM22 Group, said:
“Today we establish KRM22, as an investing company, with a long term view to provide a new generation 'Global Risk Platform' (SaaS delivered) and have identified a clear opportunity to deliver significant improvements for our target customers, through our underlying investments, by providing a suite of cost effective risk management tools. Our strategy will see us invest in companies with clear, high quality, subject matter expertise as we seek to execute our investing policy. The target and focus of our investment is risk: primarily risk in the Capital Markets which is currently poorly served by a fragmented supplier base and no one, real-time Software-as-a-Service enabled view of the true risks a business faces.
We start our journey with a strong pipeline of investment opportunities. I am excited about the opportunity to lead a great team to deliver our vision and have been overwhelmed at the support we have had from investors, partners, prospects and our KRM22 team members."
KRM22's investment focus will be on risk management tools for all types of risk across a capital market participant's business. KRM22 have identified four key risk categories or domains on which to focus: regulatory, market, technology and operational.
Global spending among banks on compliance alone reached almost $100 billion in 2016 growing year on year from 15 per cent to 25 per cent over four years. KRM22, with a proven US & UK team, will address globally the capital markets challenge to improve the quality of risks as an investing company.