The funding, the amount of which has not been disclosed, will enable the London business to accelerate growth and ramp-up sales of its next-generation products that enable the financial services sector to ensure compliance to global regulatory initiatives.

Justin Amos and John Edge co-founded Redkite in 2008. Amos, the company’s chief executive, started the business after a long career in global equities trading at JP Morgan. The business’s products equip financial institutions with the tools and knowledge to monitor, analyse and act on trading conditions in real-time, enabling them to detect suspicious transactions and trading behaviours.

In March this year, Redkite signed a global arrangement with Thomson Reuters that provides all market participants with access to relevant pre- and post-trade information to enable appropriate monitoring and risk management controls.

John Edge, head of business development for Redkite, comments that the financing will enable the business to expand globally and seek out new markets for its products.

Edge adds, ‘The investment from DFJ Esprit increases our ability to deliver a proven solution to a broader range of clients, whilst continuing to expand Redeye’s advanced analytics capability.’