Fund Recs
Fund Recs, founded in Dublin in 2013, is a SaaS company providing cloud-based, no-code reconciliation, oversight, and data automation software for the fund management industry, serving fund administrators, depositaries, and asset managers globally.
- Company typePrivate
- Founded2013
- HeadquartersDublin, Ireland
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Fund Recs does
Fund Recs is a Dublin-headquartered SaaS company founded in 2013 that develops cloud-based reconciliation and data automation software for the fund management industry, targeting fund administrators, depositaries, asset managers, private equity firms, and regulatory compliance teams. Its core offering is the Fusion platform, a no-code SaaS solution that connects to fund administrators, custodians, prime brokers, and trade repositories to automate data ingestion, normalization, comparison, and exception management across NAV calculation, cash and position reconciliation, and regulatory workflows. A second product line, Velocity, focuses specifically on automated cash, position, and trade reconciliation for asset managers and fund administrators. Named clients include Neuberger Berman, Northern Trust, Apex Fund Services, Maples Group, Mercer, SMT Fund Services, SuMi Trust, Muzinich, Prescient Fund Services, FundBank, BDO, Grant Thornton, CSC, and Innocap, with stated presence across 12 global markets supported by offices in Dublin, Waterford (Ireland), New York, and Sydney.
The platform is built on AWS infrastructure (RDS, Dynamo, S3) and combines a proprietary reconciliation engine with AI-enabled workflow automation, AI-driven parsing of unstructured private market documents, automated anomaly detection, and pre-built compliance workflows for EMIR, SFTR, EMIR Refit, ASIC, and NAV oversight. Fund Recs holds ISO 27001:2013 certification, SOC 2 Type II compliance, and Cloud Security Alliance STAR registration, with stated 95%+ Customer Satisfaction Scores. Product surface is organized into Solution, Connect, Control, Reconcile, Transform, and Agent categories, with new workflows added on a stated weekly cadence.
Fund Recs operates a subscription-based SaaS revenue model with enterprise pricing determined through a consultative sales process. Go-to-market is primarily direct enterprise field sales supplemented by three partner tiers (Embedded, Pre-Integrated, Distribution) plus the Adminovate industry conference, a video content library, and direct integrations with trade repositories DTC, REGIS-TR, and TRAction. Distribution covers at least 12 markets across EMEA, North America, Oceania, and Africa. Leadership comprises CEO and co-founder Alan Meaney, CTO Zohaib Jabbar, CRO Ger Gilsenan, Chief People Officer Emma Bradley, COO Ciaran Walshe, co-founders Padraig O'Scanaill and Des O'Donohoe, with strategic advisor Paul Roberts added in May 2026.
Fund Recs firmographics
Firmographics- Name
- Fund Recs
- Legal name
- Fund Recs
- Website
- https://fundrecs.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fund Recs, founded in Dublin in 2013, is a SaaS company providing cloud-based, no-code reconciliation, oversight, and data automation software for the fund management industry, serving fund administrators, depositaries, and asset managers globally.
- Ownership category
- akta.pro rank
Fund Recs industry classification
Industry- Product category
- Fund Reconciliation Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Fund Services & NAV Support (Fund Accounting Interfaces) (FSAFALAJ)
- akta.pro secondary industry
- Unit Registry & Transfer Agency for Alternatives (Private Funds, SPVs, Closed-End) (FSAAAMAK)
Keywords
Where Fund Recs is headquartered
LocationHeadquarters
- HQ city
- Dublin
- HQ country
- Ireland
- HQ region
- Europe
Offices5 records
Markets served
Fund Recs business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- SaaS Subscription: Software delivered as a fully hosted SaaS solution with subscription-based pricing. Clients access the platform on a subscription basis for reconciliation, oversight, and data transformation services.
- Platform Services: Platform services delivered through the Fusion platform as a hosted SaaS solution with full technical support and maintenance included.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based enterprise pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Fund Recs product offering
Product offeringCore offering
Fund Recs sells a cloud-based, no-code SaaS platform (Fusion) that enables fund operations teams to connect, normalize, reconcile, and oversee fund data across administrators, custodians, prime brokers, and trade repositories. Its portfolio includes NAV Oversight, Depo Oversight, EMIR Oversight, and ASIC Oversight solutions, plus the Velocity reconciliation-focused platform, all delivered as fully hosted subscription software with pre-built regulatory compliance workflows and AI-enabled data automation.
Product overview
Fund Recs is the doing platform for funds, offering a no-code SaaS platform for data automation and reconciliation in the financial services industry. The core Fusion platform powers a portfolio of solutions including NAV Oversight (for fund valuation and calculation validation), Depo Oversight (for depositary cash flow and asset monitoring), EMIR Oversight (for European trade reporting compliance), and ASIC Oversight (for Australian regulatory requirements). Velocity serves as a reconciliation-focused platform variant for automated cash, position, and trade workflows. Solutions are categorized into five types: Solution (end-to-end platforms), Connect (integration tools), Control (automated oversight), Reconcile (reconciliation engine), Transform (data transformation), and Agent (AI-driven assistants). The platform connects directly to fund administrators, custodians, prime brokers, and trade repositories to automate data ingestion, normalization, comparison, and exception management across fund operations.
Differentiator
Problem solved
Functional benefit
Brands
- Fusion: The Fund Recs Fusion platform is an end-to-end data automation and reconciliation platform that enables clients to automate diverse data workflows from position reconciliations to SWIFT data transformations.
- Velocity
Products and services
- Fusion Platform
- NAV Oversight Solution
- Depo Oversight Solution
- EMIR Oversight Solution
- ASIC Oversight Solution
- Velocity Platform
Quantifiable outcome
- 95%+ Customer Satisfaction Scores (CSAT)
- +1 more outcomes
Companies that use Fund Recs
Customer profileNamed customers17 records
Segments5 records
Ideal customer profiles4 records
Fund Recs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature8 records
Fund Recs partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Paul RobertsminorPaul Roberts appointed as strategic advisor to Fund Recs, bringing 30+ years of experience in fintech, investment operations and fund technology. He worked with Milestone Group as CEO, served as Managing Director at Multifonds, and COO at Linedata Services. Will advise on international expansion and platform capabilities.
- FundBankcoreFundBank partnered with Fund Recs to implement the Fusion platform for automated data transformation workflows. The collaboration highlights FundBank's commitment to innovation and operational excellence in asset management, with Fusion enabling efficient management of diverse data sources and enhanced operational capabilities.
- Prescient Fund ServicescorePrescient Fund Services, a global full-suite fund services business with presence in South Africa, UK, and Ireland, selected Fund Recs for fund accounting reconciliation software including Cash Rec, Position Recs, and EMIR Oversight through the SaaS platform.
- AdminovateminorAdminovate is a full-day forum organized by Fund Recs that unites fintech startups, fund administration professionals, and industry experts at Trinity College Dublin. The event promotes innovation and raises funds for basis.point and TAP educational charities (over €350,000 raised to date).
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Fund Recs competitors and assessment
Company assessmentBroad incumbents
- Adenza (Thoma Bravo): Financial platform company formed from Calypso Technology and Formpipe, serving capital markets and asset management. Provides reconciliation and risk workflows overlapping with Fund Recs' capabilities as part of broader trading and post-trade platform.
- Temenos: Banking and fund accounting software platform with significant fund administration capabilities. Competes broadly in the fund operations software market though primarily focused on banking platforms rather than reconciliation specialization.
- Finastra: Large financial software provider serving banks, capital markets, and asset managers. Overlaps with Fund Recs in fund accounting and securities processing capabilities, though at much broader enterprise scale.
- SS&C Technologies: Large incumbent in fund administration technology with Eze Software and GlobeOps platforms serving asset managers and fund administrators globally. Overlaps with Fund Recs in reconciliation, NAV oversight, and transfer agency workflows but as part of a much broader portfolio.
- FIS (Fidelity National Information Services): Global financial services technology provider with broad fund administration, custody, and securities processing offerings. Represents incumbent competitive threat with much larger R&D budget and bundled platform positioning.
Emerging players
- Workiva: Cloud platform for financial reporting, ESG, and audit collaboration. Adjacent to Fund Recs in regulatory and audit-ready reporting workflows, though focused on corporate financial reporting rather than fund operations.
Direct peers
- Backstop Solutions: Alternative investment operations platform serving hedge funds, private equity, and fund of funds. Overlaps with Fund Recs in private market fund reconciliation, investor reporting, and operational workflows for alternatives.
- BlackLine: Cloud-based financial close and reconciliation platform serving enterprise finance teams. Directly competes with Fund Recs on automated reconciliation, exception management, and audit-ready controls, though with broader accounting focus beyond fund operations.
- Clearwater Analytics: Investment accounting and reporting platform serving asset managers, insurance companies, and corporate treasuries. Directly comparable in reconciliation, NAV validation, and data automation for fund operations with similar SaaS delivery model.
- Confluence Technologies: Fund performance reporting, analytics, and regulatory reporting platform for asset managers and fund administrators. Competes directly with Fund Recs in fund operations workflows, performance attribution, and oversight reporting.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Fund Recs social profiles
Digital presenceFund Recs compliance and trust
Trust signalCompliance3 records
Fund Recs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fund Recs leadership team
Management profileNumber of profiles
Profiles9 records
Fund Recs funding detail
Funding detailFunding overview
Funding rounds4 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fund Recs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fund Recs
What does Fund Recs do?
Fund Recs sells a cloud-based, no-code SaaS platform (Fusion) that enables fund operations teams to connect, normalize, reconcile, and oversee fund data across administrators, custodians, prime brokers, and trade repositories. Its portfolio includes NAV Oversight, Depo Oversight, EMIR Oversight, and ASIC Oversight solutions, plus the Velocity reconciliation-focused platform, all delivered as fully hosted subscription software with pre-built regulatory compliance workflows and AI-enabled data automation.
Is Fund Recs a public or private company?
Fund Recs is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Fund Recs founded?
Fund Recs was founded in 2013. It employs 1 to 10 people.
Where is Fund Recs based?
Fund Recs is headquartered in Dublin, Ireland, in the Europe region.
How does Fund Recs make money?
Two revenue lines are on record. SaaS Subscription is the primary driver. The others are platform Services.
Who are Fund Recs's main competitors?
Broad incumbents on record are Adenza (Thoma Bravo), Temenos, Finastra, SS&C Technologies and FIS (Fidelity National Information Services). Workiva is listed as an emerging player. Direct peers are Backstop Solutions, BlackLine, Clearwater Analytics and Confluence Technologies.
Does Fund Recs have an API?
No public API is recorded for Fund Recs.
What industry is Fund Recs in?
Fund Recs's product category is Fund Reconciliation Software. Its primary akta.pro industry code is FSAFALAJ, Fund Services & NAV Support (Fund Accounting Interfaces), with a secondary code of FSAAAMAK, Unit Registry & Transfer Agency for Alternatives (Private Funds, SPVs, Closed-End). Its NAICS code is 522320 and its SIC code is 7370.