Canoe Intelligence, a fintech company powering smarter alts management, and fundcraft, a digital fund operations provider, have announced a strategic partnership to “streamline fund administration and unlock new levels of operational efficiency for alternative asset managers throughout Europe”.
The integration of Canoe’s AI-powered technology with fundcraft’s digital fund operations platform is expected to streamline fund administration, improve operational efficiency, and enhance data management processes.
Fundcraft provides comprehensive digital solutions for alternative investment managers, covering the entire fund lifecycle. The platform centralises back-office operations and connects essential stakeholders, such as banks, lawyers and auditors, to improve transparency and control. Serving funds focused on venture capital, funds of funds, and private equity strategies, it accelerates fundraising, simplifies investor onboarding, and optimises day-to-day operations with accurate and efficient reporting.
Canoe Intelligence, on the other hand, automates the collection and categorisation of alternative investment documents from investor portals and emails with AI and machine learning technology. The platform extracts, validates and delivers clean data to downstream systems, eliminating manual data entry.
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“By combining Canoe’s expertise in automating document and data management with fundcraft’s comprehensive platform, we’re making it easier for fund administrators to work smarter and focus on what matters most—driving value for their clients,” said Toby Bailey, VP of sales, Emea, Canoe Intelligence.
The integration of Canoe’s AI technology into fundcraft’s platform will enable asset managers to benefit from automated document management, improved data accuracy, and increased productivity.
According to fundcraft, this is especially beneficial for its clients managing funds of funds, as they will gain automatic access to documents from hundreds of limited partner portals, streamlining the data extraction process. Canoe’s system will classify and extract key financial data, which will be seamlessly integrated into fundcraft’s operations platform.
Victor Martin, chief technology officer at fundcraft, added: “By integrating Canoe’s cutting-edge AI capabilities with fundcraft’s digital fund operations, we are setting a new standard for efficiency and accuracy in the industry. Our clients can now focus more on strategic decision-making and less on tedious, time-consuming manual processes.”
