RiskConcile, a Belgian provider of cloud-based regulatory reporting, risk calculation, and fund data solutions for the European fund industry, has acquired B4Finance, a France-based provider of digital investor onboarding and fund subscription software.
The transaction, for an undisclosed sum, marks the second add-on acquisition in RiskConcile’s international buy-and-build strategy since partnering with Main Capital Partners in June 2024.
Founded in 2018 and headquartered in Paris, France, B4Finance delivers digital investor onboarding and fund subscription software, with a particularly strong footprint in the French alternative investment fund sector. Its cloud-based software platform streamlines investor onboarding and compliance processes by fully automating KYC/AML verification, risk assessment, and investor registration processes. Its digital fund subscription module enables clients to manage every stage of the investment lifecycle, from initial subscription to fund closing. Today, B4Finance serves nearly eighty clients, which are primarily French private equity firms and asset managers.
The acquisition of B4Finance enables RiskConcile to deliver a more comprehensive offering to its clients, expanding its capabilities to include digital investor onboarding and fund subscription alongside its existing regulatory reporting, risk management, and fund data solutions. After the acquisition of London-based Fitz Partners earlier this year, this transaction further strengthens RiskConcile’s footprint across Europe by establishing a strong local presence in Paris. This strategic location provides direct access to the French fund industry and unlocks additional growth opportunities in one of the continent’s key financial centers.
Jan De Spiegeleer, Co-Founder & CEO of Leuven-based RiskConcile, said: “We are delighted to welcome the B4Finance team to RiskConcile. Its modern software platform automating investor onboarding and compliance processes are a strong complement to our existing regulatory reporting, risk management, and fund data capabilities. Together, we are creating a truly integrated European solution that helps asset managers and fund service providers streamline their regulatory and operational workflows with greater efficiency.”
