AutoRek
AutoRek is a UK-headquartered SaaS provider, founded in 1994, that automates financial reconciliation, regulatory reporting, and data controls for enterprise banks, asset managers, insurers, and payments firms, with AI and crypto-asset modules and Microsoft Azure deployment.
- Company typePrivate
- Founded1994
- HeadquartersGlasgow, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What AutoRek does
AutoRek is a private UK-headquartered (API Software Limited, Glasgow, founded 1994) SaaS provider of automated reconciliation, financial control, and regulatory reporting software for the financial services industry. The platform automates end-to-end reconciliation across asset management, banking, insurance, and payments verticals, ingesting data from any source (SWIFT MT/MX, ISO 20022, Excel, XML, JSON, CSV, REST APIs) and matching transactions using a configurable, audited rules engine that supports one-to-one, one-to-many, and many-to-many scenarios. Specialised modules extend the core platform: AutoRek ARIA (an AI agent launched September 2025 that learns from user interactions to suggest matches and guide reconciliation rule construction), AutoRek MION (a crypto-asset reconciliation module supporting 18-decimal precision across blockchains, launched June 2025), and RegToolKit (a regulatory compliance platform launched March 2026 that ingests FCA rulebooks and maintains breach registers).
The company operates a subscription SaaS model with annual billing, deployed on Microsoft Azure with FedRAMP-capable infrastructure and ISO 27001, SOC 2 Type 2, and ISO 9001 certifications. Customers are enterprise financial institutions — including Royal London, Aviva, ClearBank, Howden, Aegon, LGIM, eToro, CMC Markets, and Funding Circle — with 100+ deployments globally processing over $4 trillion in annual transactions. Go-to-market combines direct enterprise field sales with channel partnerships: Microsoft (Microsoft Solutions Partner for Financial Services AI, co-sell on Marketplace), Capgemini (implementation and consulting), J.P. Morgan Payments (insurance distribution), SWIFT (messaging integration), Calastone (fund reconciliation), and AccessPay (payments). The company has offices in Glasgow, Edinburgh, London, New York, and Miami, with a 101–250 employee base and PE backing from Scottish Equity Partners (2021 funding round, undisclosed amount).
AutoRek firmographics
Firmographics- Name
- AutoRek
- Legal name
- API Software Limited
- Website
- https://autorek.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- AutoRek is a UK-headquartered SaaS provider, founded in 1994, that automates financial reconciliation, regulatory reporting, and data controls for enterprise banks, asset managers, insurers, and payments firms, with AI and crypto-asset modules and Microsoft Azure deployment.
- Ownership category
- akta.pro rank
AutoRek industry classification
Industry- Product category
- Financial Reconciliation & Controls Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computer Systems Design and Related Services (54151), Computer Systems Design and Related Services (5415)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Regulatory Reporting & Submissions Automation (FSAFAOAA)
- akta.pro secondary industry
- Enterprise AI Governance, Risk & Compliance Platforms (Model Risk, Audit, Policies) (HDAEANAE)
Keywords
Where AutoRek is headquartered
LocationHeadquarters
- HQ city
- Glasgow
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
AutoRek business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- SaaS Subscription: AutoRek operates primarily as a SaaS subscription model, providing cloud-hosted reconciliation and financial control platform access. Customers select between SaaS hosted in Azure or private cloud options (AWS, Google Cloud). The subscription includes 24/7 managed infrastructure, maintenance, upgrades, and support services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS subscription for financial institutions |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
AutoRek product offering
Product offeringCore offering
AutoRek provides a cloud-native SaaS reconciliation and financial control platform that automates the matching, validation, and reconciliation of financial transactions across asset management, banking, insurance, and payments organizations. The platform ingests data in any format, performs intelligent matching, manages exceptions, and produces audit-ready regulatory reports for frameworks such as CASS, MiFID II, EMIR, and IFRS 17. Specialized modules (ARIA for AI-driven automation, MION for crypto assets, and RegToolKit for regulatory compliance) extend the core platform with sector-specific capabilities.
Product overview
AutoRek offers a unified platform-plus-modules architecture for financial data management and reconciliation automation. The core AutoRek platform provides end-to-end automated reconciliation, data validation, and financial controls. This core is extended through specialised modules: AutoRek ARIA (AI-powered intelligent agent for autonomous reconciliation and workflow automation), AutoRek MION (crypto asset reconciliation supporting 18-decimal precision), and RegToolKit (regulatory compliance management). The platform serves asset management, banking, insurance, and payments sectors with sector-specific reconciliation solutions including CASS, securities, cash, payment, and safeguarding modules.
Differentiator
Problem solved
Functional benefit
Brands
- AutoRek: Core automated reconciliation and financial control platform
- AutoRek ARIA
- AutoRek MION
- RegToolKit
Products and services
- AutoRek End-to-end automated reconciliation platform enabling financial organisations to streamline data collection, validation, and reconciliation across asset management, banking, insurance, and payments operations.
- AutoRek ARIA Intelligent AI agent designed to empower reconcilers, managers, and developers. Transforms reconciliation and reporting with next-generation intelligent automation, learning and adapting in real time to help firms reconcile faster and stay compliant.
- AutoRek MION Next-generation reconciliation and data management platform purpose-built for crypto assets, supporting up to 18 decimal places precision. Automates real-time reconciliation and reporting for multi-blockchain transactions.
- RegToolKit Regulatory compliance platform that transforms complex regulatory rulebooks into structured, actionable processes. Provides a single system to interpret regulations, map obligations, track controls, capture evidence, and manage non-compliance.
Quantifiable outcome
- 50%+ cost reduction on reconciliation operations
- +9 more outcomes
Companies that use AutoRek
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles4 records
AutoRek technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability7 records
Feature8 records
AutoRek partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core/flagship and strategic.
- Microsoftcore/flagshipStrategic partnership focused on delivering AI-powered reconciliation solutions for financial services firms, built on Azure cloud infrastructure and available through Microsoft Marketplace. Collaboration has achieved Microsoft Solutions Partner Certified Software Designation for Financial Services AI. AutoRek ARIA is powered by Microsoft Azure, and both companies are actively developing agentic AI solutions for reconciliation workflows.
- SWIFTstrategicAutoRek joined the SWIFT Partner Programme to improve data consolidation and reconciliation capabilities. The partnership enables integration with SWIFT messaging networks for improved inter-bank reconciliation and settlement visibility.
- CapgeministrategicStrategic collaboration to help drive AutoRek's ambitious growth in financial services. Capgemini provides implementation and consulting services, leveraging their financial services expertise to deploy AutoRek's reconciliation and control platform for enterprise clients.
- Calastonecore/flagshipPartnership to simplify fund manager reporting for investment firms. Calastone is a leading fund processing specialist, and the integration enables automated reconciliation and data management for fund distribution and transfer agency operations.
- J.P. Morgan PaymentsstrategicPartnership to transform insurance firms' premium processing operations. AutoRek joined J.P. Morgan Payments ecosystem to enable enhanced reconciliation and control capabilities for insurance premium collection and distribution.
Scale indicators8 records
Recent moves9 records
Expansion highlights6 records
AutoRek competitors and assessment
Company assessmentBroad incumbents
- BlackLine: Large, public financial close and account reconciliation platform. Competes in the broader financial controls category with a wider portfolio (close management, intercompany, journal automation) but does not specialize in financial-services-specific reconciliation the way AutoRek does.
- Adenza (formerly FIS Capital Markets / ION): Massive incumbent vendor of trading, post-trade, and risk platforms for capital markets. Offers reconciliation and data management as part of a broader front-to-back office suite — competing with AutoRek through bundle pressure rather than a focused reconciliation product.
Emerging players
- FundCount: Integrated accounting and investor reporting software for hedge funds and asset managers. Comparable on reconciliation and NAV oversight use cases for the asset management segment, but more focused on accounting than AutoRek's compliance/control breadth.
- Calastone: Fund processing network and reconciliation specialist partnered with AutoRek. While they overlap on fund distribution reconciliation, their primary focus is messaging and settlement automation rather than AutoRek's full control/compliance platform.
Direct peers
- Gresham Technologies: Closely comparable UK-headquartered competitor providing real-time reconciliation, cash management, and regulatory reporting software for financial services. Competes directly with AutoRek in the same enterprise reconciliation RFPs.
- NeoXam: Provider of investment accounting, fund administration, and data management software for asset managers and servicers. Overlaps with AutoRek's asset management reconciliation and regulatory reporting modules and was a co-finalist for the same FTF award.
- SmartStream Technologies: Direct competitor offering reconciliation, transaction processing, and regulatory reporting solutions to banks, asset managers, and corporates. Operates the same intelligent matching / control space as AutoRek and was a co-finalist in the 2025 FTF Best Reconciliation Platform award.
- Xceptor: Enterprise data automation and reconciliation platform for financial services, with strong presence in capital markets and post-trade operations. Competes on no-code automation, exception management, and reconciliation at scale — directly comparable to AutoRek's core offering.
- Duco Technology: Cloud-native data integrity and reconciliation platform serving banks, brokers, asset managers, and insurance firms. Direct overlap on no-code matching, exception management, and automated reconciliation workflows — also named as a co-finalist vs AutoRek for the 2025 FTF award.
- IVP (FundCount, Finastra reconciliation): Financial software vendor offering reconciliation, investment book of record (IBOR/ABOR), and NAV oversight solutions to asset managers. Directly comparable to AutoRek's capital markets and fund administration reconciliation capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
AutoRek social profiles
Digital presenceAutoRek compliance and trust
Trust signalCompliance5 records
AutoRek financial estimates
Financial estimateRevenue estimate
Valuation estimate
AutoRek leadership team
Management profileNumber of profiles
Profiles6 records
AutoRek funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AutoRek M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AutoRek
What does AutoRek do?
AutoRek provides a cloud-native SaaS reconciliation and financial control platform that automates the matching, validation, and reconciliation of financial transactions across asset management, banking, insurance, and payments organizations. The platform ingests data in any format, performs intelligent matching, manages exceptions, and produces audit-ready regulatory reports for frameworks such as CASS, MiFID II, EMIR, and IFRS 17. Specialized modules (ARIA for AI-driven automation, MION for crypto assets, and RegToolKit for regulatory compliance) extend the core platform with sector-specific capabilities.
Is AutoRek a public or private company?
AutoRek is a private company. It is classified as venture growth investor backed and is currently operating.
When was AutoRek founded?
AutoRek was founded in 1994. It employs 101 to 250 people.
Where is AutoRek based?
AutoRek is headquartered in Glasgow, United Kingdom, in the Europe region.
How does AutoRek make money?
One revenue line is on record: saaS Subscription.
Who are AutoRek's main competitors?
Broad incumbents on record are BlackLine and Adenza (formerly FIS Capital Markets / ION). Emerging players are FundCount and Calastone. Direct peers are Gresham Technologies, NeoXam, SmartStream Technologies, Xceptor, Duco Technology and IVP (FundCount, Finastra reconciliation).
Does AutoRek have an API?
Yes. AutoRek provides a REST API for real-time data transfer, enabling programmatic data input and system integration. The API supports real-time, batch, or scheduled integrations and allows users to connect external systems for data ingestion and automated reconciliation workflows.
What industry is AutoRek in?
AutoRek's product category is Financial Reconciliation & Controls Software. Its primary akta.pro industry code is FSAFAOAA, Regulatory Reporting & Submissions Automation, with a secondary code of HDAEANAE, Enterprise AI Governance, Risk & Compliance Platforms (Model Risk, Audit, Policies). Its NAICS code is 522320 and its SIC code is 7372.