Code & Co.

  • Aquiline Capital Partners logo
  • Smart logo

Engagement — Platform Due Diligence

Code & Co. provides Tech & Product DD to Aquiline Capital Partners ahead of the $95m Series E investment in global FinTech.

Smart, the London-headquartered fintech transforming the global retirement savings market, closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC (“Aquiline”), a private investment firm based in New York and London.

Smart today already has over £5.5 billion in Assets Under Management (AUM) on its platform and is expected to exceed £10bn by the end of June 2023 following this Series E funding. Growth has been driven by the accelerating global demand for modern, digital retirement savings technology, the success of Smart Pension in the UK and strategic M&A.

Scope of Work

Code & Co. provided Tech and Product Due Diligence to the lead investor ahead of the growth investment. It included assessing the company’s technical platform and software capabilities, including architecture, infrastructure, tech stack, scalability, and security.

Code & Co. further assessed the team’s strategic product roadmap and KPIs, and internal processes such as the company’s team, hiring, and software development life cycle.

About Smart

Smart is a global savings and investments technology platform provider. Its mission is to transform retirement, savings and financial wellbeing around the world.

Smart partners with governments and financial institutions (including insurers, asset managers, banks, financial advisers) to deliver retirement savings and income solutions that are digital, bespoke and cost efficient. In addition to the UK, Smart is operating in the USA, Europe, Australia and the Middle East with more than a million savers entrusting over £4 billion in assets on the platform.

Smart supports its clients with a 750 strong global team.

About Aquiline Capital Partners

Aquiline Capital Partners is a private investment firm based in New York and London investing in companies across financial services and technology, healthcare and business services. The firm has approximately $9.6 billion in assets under management as of December 31, 2022.

For more information about Aquiline, its investment professionals, and its portfolio companies, please visit www.aquiline.com.

About Code & Co.

Code & Co. is an independent advisory firm that specializes in providing modern, actionable Tech & Product Due Diligence for the global alternative investment industry. Our expertise uncovers risks that threaten asset value and opportunities to accelerate growth.