Founder Christian Nentwich remains as a shareholder and Chief Executive Officer.
Duco is a fast growing provider of intelligent, self-service data prep and reconciliation software to Financial Services, Insurance and FinTech companies through its mission critical cloud-native, no-code SaaS platform. Duco's mission is to "make managing data easy" by replacing spreadsheets and technology-heavy solutions in areas like data prep, reconciliation, data quality and data management with a user-friendly, machine learning-powered platform.
Headquartered in London, Duco has 140 employees in the UK, US, Singapore and Poland. Duco's software is used by 14 of the top 30 global banks, asset managers with over $10 trillion in assets, leading payments innovators, exchanges and custodians, and insurers.
Nordic Capital will utilise its experience within the Technology and Payments sector, as well as its broad network and operational resources to accelerate the transformative growth of the business. The data automation market is growing rapidly, and Nordic Capital's investment will enable the business to further increase its international footprint whilst also supporting product expansion and employee growth.
Liberty advised the management team led by Founder & CEO, Christian Nentwich, on all aspects of their rollover investments and equity incentive arrangements.
The transaction was announced on July 15 and closed on August 2, 2021.