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FAC (Fund Admin Chain)

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uuid0002vkw

Namestring
FAC (Fund Admin Chain)
Legal namestring
FUNDADMINCHAIN LIMITED
Websiteurl
fundadminchain.com
Company typeenum
Private
Founded yearint
2019
Descriptiontext

FAC (Fund Admin Chain), operating commercially as Tocan via its FinFlow platform, is a UK-registered fintech building an online banking and digital onboarding platform purpose-built for the investment funds industry. The platform is designed to replace slow, manual, and fragmented investor onboarding workflows by providing a single rail connecting fund administrators, fund managers, and investors, with reusable identity and KYC data, automated invoicing, income/expense tracking, multi-currency accounts, international transfers to 70+ countries, and wallet integrations including Apple Pay and PayPal. The technology stack centers on a unified digital platform secured with encryption, multi-factor authentication, and ISO/IEC 27001 information security certification.

The business operates on a subscription/recurring services model, monetizing platform access for onboarding, transaction processing, and account servicing across its three target segments. Go-to-market is enterprise field sales, executed through a demo-led motion with Calendly-based booking and quote-based pricing — no public price list is disclosed. The company is privately held by FUNDADMINCHAIN LIMITED (England, company number 11845957), headquartered in London, founded in 2019, with a headcount in the 11-50 range. To date it has raised $4.03 million in a December 2020 round led by Lingfeng Capital and QBN Capital. The CEO and founder is Brian McNulty, with Iain Willis serving as a non-executive director.

Short descriptiontext

FAC (Tocan) is a UK-based fintech that provides the FinFlow online banking and digital onboarding platform connecting fund administrators, fund managers, and investors to streamline investor onboarding, transactions, and cross-border fund distribution.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersLondon, United Kingdom
HQ citystring
London
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
fund administration software, investor onboarding platform, fund distribution network, investment fund banking, digital fund management
Industry2 codes
1Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes)
CodeFSAGALAKPrimaryYes
2Compliance Technology, GRC Platforms & Controls Automation Advisory
CodeBPAHAFAOPrimaryNo
NAICS code1 code
  • Computer Systems Design and Related Services54151
SIC code2 codes
  • Services-Computer Integrated Systems Design7373
  • Finance Services6199
Product category
Fund Administration Software
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Platform Services
TypeSubscription Recurring
Description

Banking and financial services platform for fund administrators, managers, and investors, likely subscription or usage-based model for onboarding and transaction services

tocan.io
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

FAC (operating as Tocan) provides the FinFlow platform, an all-in-one online banking and digital onboarding platform for the investment funds industry. It connects fund administrators, fund managers, and investors on a single system to streamline investor onboarding, automate compliance and risk oversight, and enable secure multi-currency transfers across 70+ countries. The platform replaces fragmented manual onboarding workflows with reusable investor data and real-time transparency across the fund distribution value chain.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Reduces investor onboarding cost and accelerates time to market for fund distribution
Product overview1 text field

Tocan (operating as FinFlow) is a single unified online banking platform designed for the funds industry. The platform streamlines investor onboarding through reusable data and digital processes, replacing fragmented manual workflows. It serves three client segments — Fund Administrators (servicing efficiency and oversight), Fund Managers (real-time investor activity transparency), and Investors (simplified onboarding with data reuse) — via integrated online banking features including account management, transaction tracking, invoicing, and multi-wallet payment capabilities.

Product and service2 records
1FinFlow Platform (Tocan)
CategoryFund Administration Software
Description

Unified digital banking platform that streamlines investor onboarding through reusable data, replaces fragmented manual workflows, and serves Fund Administrators (servicing efficiency and oversight), Fund Managers (real-time investor activity transparency), and Investors (simplified onboarding) with account management, transaction tracking, invoicing, and multi-wallet payment capabilities.

2Tocan Mobile Banking App
CategoryMobile Banking Application
Description

Mobile application that allows users to deposit checks and manage accounts from a mobile device, extending the FinFlow online banking platform to smartphones and tablets.

Partnership1 partner
1ISO (International Organization for Standardization)
Strategic tierMinorTypeOthers
Description

Company maintains ISO/IEC 27001 certification for information security management, demonstrating compliance with international security standards. This is an external audit/certification relationship rather than a commercial partnership.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Juniper Square
TypeDirect peer
Description

Investor onboarding, CRM, and fund operations platform for GPs and LPs. Directly comparable to FAC in serving fund managers and investors with a unified onboarding and investor management stack.

2Carta
TypeBroad incumbent
Description

Capitalization and fund management platform widely used by GPs and LPs. Comparable to FAC in digitizing fund investor onboarding and secondary transaction workflows, but operates at much broader scale.

3Allvue Systems
TypeDirect peer
Description

Software platform serving fund administrators, GPs, and LPs for alternative investment accounting and reporting. Closely comparable to FAC in serving fund administrators and managers with integrated software workflows.

4iCapital
TypeBroad incumbent
Description

Platform for alternative investment fund distribution and onboarding, connecting fund managers with investors. Comparable to FAC in streamlining fund distribution and investor access, but at substantially larger scale.

5Addepar
TypeBroad incumbent
Description

Wealth and investment management technology platform serving advisors, family offices, and asset owners. Comparable to FAC in providing investor data and reporting infrastructure, though oriented to wealth management rather than fund distribution.

6SS&C GlobeOp
TypeBroad incumbent
Description

Large-scale fund administration and investor services provider under SS&C. Comparable to FAC as a fund administration counterpart, though SS&C operates a traditional services-led model rather than a digital platform.

7Alter Domus
TypeBroad incumbent
Description

Global fund administration and investor services firm serving alternative investment managers. Comparable to FAC in serving fund administrators' and managers' servicing workflows, though predominantly through traditional servicing rather than a unified digital onboarding platform.

8FundCount
TypeDirect peer
Description

Accounting and operations software for fund administrators and investment managers. Comparable to FAC in serving fund administrators with integrated software, though FundCount focuses on back-office accounting rather than onboarding and distribution.

9GenII Fund Services
TypeBroad incumbent
Description

Independent fund administration and investor services firm. Comparable to FAC in serving fund administrators and managers, but operating a services-led model rather than a digital onboarding platform.

10Passport (now part of Canoe Intelligence)
TypeEmerging player
Description

Alternative investment document and data management platform. Comparable to FAC in digitizing fund-related workflows for institutional clients, though focused on document intelligence rather than onboarding and distribution.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration2 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

FAC (Fund Admin Chain)

Fund Administration Softwarefundadminchain.com

FAC (Tocan) is a UK-based fintech that provides the FinFlow online banking and digital onboarding platform connecting fund administrators, fund managers, and investors to streamline investor onboarding, transactions, and cross-border fund distribution.

What FAC (Fund Admin Chain) does

FAC (Fund Admin Chain), operating commercially as Tocan via its FinFlow platform, is a UK-registered fintech building an online banking and digital onboarding platform purpose-built for the investment funds industry. The platform is designed to replace slow, manual, and fragmented investor onboarding workflows by providing a single rail connecting fund administrators, fund managers, and investors, with reusable identity and KYC data, automated invoicing, income/expense tracking, multi-currency accounts, international transfers to 70+ countries, and wallet integrations including Apple Pay and PayPal. The technology stack centers on a unified digital platform secured with encryption, multi-factor authentication, and ISO/IEC 27001 information security certification.

The business operates on a subscription/recurring services model, monetizing platform access for onboarding, transaction processing, and account servicing across its three target segments. Go-to-market is enterprise field sales, executed through a demo-led motion with Calendly-based booking and quote-based pricing — no public price list is disclosed. The company is privately held by FUNDADMINCHAIN LIMITED (England, company number 11845957), headquartered in London, founded in 2019, with a headcount in the 11-50 range. To date it has raised $4.03 million in a December 2020 round led by Lingfeng Capital and QBN Capital. The CEO and founder is Brian McNulty, with Iain Willis serving as a non-executive director.

FAC (Fund Admin Chain) firmographics

Firmographics
Name
FAC (Fund Admin Chain)
Legal name
FUNDADMINCHAIN LIMITED
Website
https://fundadminchain.com
Company type
Private
Founded year
2019
Operating status
Operating
Headcount range
11–50 employees
Short description
FAC (Tocan) is a UK-based fintech that provides the FinFlow online banking and digital onboarding platform connecting fund administrators, fund managers, and investors to streamline investor onboarding, transactions, and cross-border fund distribution.
Ownership category
akta.pro rank

FAC (Fund Admin Chain) industry classification

Industry
Product category
Fund Administration Software
NAICS
Computer Systems Design and Related Services (54151)
SIC
Services-Computer Integrated Systems Design (7373), Finance Services (6199)
akta.pro primary industry
Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
akta.pro secondary industry
Compliance Technology, GRC Platforms & Controls Automation Advisory (BPAHAFAO)

Keywords

  • Fund administration software
  • Investor onboarding platform
  • Fund distribution network
  • Investment fund banking
  • Digital fund management

Where FAC (Fund Admin Chain) is headquartered

Location

Headquarters

HQ city
London
HQ country
United Kingdom
HQ region
Europe

Offices1 record

Markets served

FAC (Fund Admin Chain) business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. Platform Services: Banking and financial services platform for fund administrators, managers, and investors, likely subscription or usage-based model for onboarding and transaction services

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

FAC (Fund Admin Chain) product offering

Product offering

Core offering

FAC (operating as Tocan) provides the FinFlow platform, an all-in-one online banking and digital onboarding platform for the investment funds industry. It connects fund administrators, fund managers, and investors on a single system to streamline investor onboarding, automate compliance and risk oversight, and enable secure multi-currency transfers across 70+ countries. The platform replaces fragmented manual onboarding workflows with reusable investor data and real-time transparency across the fund distribution value chain.

Product overview

Tocan (operating as FinFlow) is a single unified online banking platform designed for the funds industry. The platform streamlines investor onboarding through reusable data and digital processes, replacing fragmented manual workflows. It serves three client segments — Fund Administrators (servicing efficiency and oversight), Fund Managers (real-time investor activity transparency), and Investors (simplified onboarding with data reuse) — via integrated online banking features including account management, transaction tracking, invoicing, and multi-wallet payment capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

  • FinFlow Platform (Tocan) Unified digital banking platform that streamlines investor onboarding through reusable data, replaces fragmented manual workflows, and serves Fund Administrators (servicing efficiency and oversight), Fund Managers (real-time investor activity transparency), and Investors (simplified onboarding) with account management, transaction tracking, invoicing, and multi-wallet payment capabilities.
  • Tocan Mobile Banking App Mobile application that allows users to deposit checks and manage accounts from a mobile device, extending the FinFlow online banking platform to smartphones and tablets.

Quantifiable outcome

  • Reduces investor onboarding cost and accelerates time to market for fund distribution

Companies that use FAC (Fund Admin Chain)

Customer profile

Segments3 records

Ideal customer profiles2 records

FAC (Fund Admin Chain) technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

FAC (Fund Admin Chain) partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • ISO (International Organization for Standardization)minorOthersCompany maintains ISO/IEC 27001 certification for information security management, demonstrating compliance with international security standards. This is an external audit/certification relationship rather than a commercial partnership.

Recent moves5 records

Expansion highlights5 records

FAC (Fund Admin Chain) competitors and assessment

Company assessment

Direct peers

  • Juniper Square: Investor onboarding, CRM, and fund operations platform for GPs and LPs. Directly comparable to FAC in serving fund managers and investors with a unified onboarding and investor management stack.
  • Allvue Systems: Software platform serving fund administrators, GPs, and LPs for alternative investment accounting and reporting. Closely comparable to FAC in serving fund administrators and managers with integrated software workflows.
  • FundCount: Accounting and operations software for fund administrators and investment managers. Comparable to FAC in serving fund administrators with integrated software, though FundCount focuses on back-office accounting rather than onboarding and distribution.

Broad incumbents

  • Carta: Capitalization and fund management platform widely used by GPs and LPs. Comparable to FAC in digitizing fund investor onboarding and secondary transaction workflows, but operates at much broader scale.
  • iCapital: Platform for alternative investment fund distribution and onboarding, connecting fund managers with investors. Comparable to FAC in streamlining fund distribution and investor access, but at substantially larger scale.
  • Addepar: Wealth and investment management technology platform serving advisors, family offices, and asset owners. Comparable to FAC in providing investor data and reporting infrastructure, though oriented to wealth management rather than fund distribution.
  • SS&C GlobeOp: Large-scale fund administration and investor services provider under SS&C. Comparable to FAC as a fund administration counterpart, though SS&C operates a traditional services-led model rather than a digital platform.
  • Alter Domus: Global fund administration and investor services firm serving alternative investment managers. Comparable to FAC in serving fund administrators' and managers' servicing workflows, though predominantly through traditional servicing rather than a unified digital onboarding platform.
  • GenII Fund Services: Independent fund administration and investor services firm. Comparable to FAC in serving fund administrators and managers, but operating a services-led model rather than a digital onboarding platform.

Emerging players

  • Passport (now part of Canoe Intelligence): Alternative investment document and data management platform. Comparable to FAC in digitizing fund-related workflows for institutional clients, though focused on document intelligence rather than onboarding and distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

FAC (Fund Admin Chain) social profiles

Digital presence

FAC (Fund Admin Chain) compliance and trust

Trust signal

Compliance1 record

FAC (Fund Admin Chain) financial estimates

Financial estimate

Revenue estimate

Valuation estimate

FAC (Fund Admin Chain) leadership team

Management profile

Number of profiles

Profiles2 records

FAC (Fund Admin Chain) funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

FAC (Fund Admin Chain) M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FAC (Fund Admin Chain)

What does FAC (Fund Admin Chain) do?

FAC (operating as Tocan) provides the FinFlow platform, an all-in-one online banking and digital onboarding platform for the investment funds industry. It connects fund administrators, fund managers, and investors on a single system to streamline investor onboarding, automate compliance and risk oversight, and enable secure multi-currency transfers across 70+ countries. The platform replaces fragmented manual onboarding workflows with reusable investor data and real-time transparency across the fund distribution value chain.

Is FAC (Fund Admin Chain) a public or private company?

FAC (Fund Admin Chain) is a private company. It is classified as venture growth investor backed and is currently operating.

When was FAC (Fund Admin Chain) founded?

FAC (Fund Admin Chain) was founded in 2019. It employs 11 to 50 people.

Where is FAC (Fund Admin Chain) based?

FAC (Fund Admin Chain) is headquartered in London, United Kingdom, in the Europe region.

How does FAC (Fund Admin Chain) make money?

One revenue line is on record: platform Services.

Who are FAC (Fund Admin Chain)'s main competitors?

Direct peers on record are Juniper Square, Allvue Systems and FundCount. Broad incumbents are Carta, iCapital, Addepar, SS&C GlobeOp, Alter Domus and GenII Fund Services. Passport (now part of Canoe Intelligence) is listed as an emerging player.

Does FAC (Fund Admin Chain) have an API?

No public API is recorded for FAC (Fund Admin Chain).

What industry is FAC (Fund Admin Chain) in?

FAC (Fund Admin Chain)'s product category is Fund Administration Software. Its primary akta.pro industry code is FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes), with a secondary code of BPAHAFAO, Compliance Technology, GRC Platforms & Controls Automation Advisory. Its NAICS code is 54151 and its SIC code is 7373.

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