ISEC Group

What ISEC Group does

ISEC Group AB is a privately held Swedish financial technology and asset management services company founded in 1987 and operating from Stockholm with a secondary office in Umeå. The company serves more than 50 Nordic asset managers, fund management companies and wealth/private banking firms, including Lannebo, Nordnet Fonder, AMF Fonder, Alfred Berg, Industrivärden, Spiltan Fonder, Pareto, CABA Capital and Stolt Kapitalforvaltning. Its core technology is the SECURA Platform, a fund management suite developed over 35+ years that includes SECURA Portfolio, SECURA Fund (shareholder system), SECURA Client Web (white-label investor platform with BankID onboarding), Reporting Tool & REST API, and SECURA Cloud — whose Platinum tier delivers DORA-compliant hosting with RTO/RPO under 2 hours via Bahnhof data centers.

The group operates through three wholly owned Swedish subsidiaries — ISEC Services AB (licensed ManCo and the only Swedish ManCo with ISK approval), ISEC Systems AB (SECURA development) and ISEC Administration AB (fund administration). Beyond the software platform, ISEC offers ManCo fund-hotel services, fund administration and transfer agency outsourcing, risk and independent valuation, compliance/legal and DORA advisory, and Sustainability and Business Consulting. The Luxembourg SICAV-RAIF structure (ISEC Services AB as AIFM, CACEIS Bank as administrator/custodian) extends distribution across the EU under AIFMD. Revenue is generated through SaaS-style subscriptions for the SECURA Platform, recurring AUM-linked ManCo and Investor Services fees, managed services for administration, and project-based professional services for risk, compliance, and ESG/SFDR work.

ISEC's customer base is concentrated in the Nordic region (Sweden, Norway, Denmark, Finland) with cross-border reach through Luxembourg; it is a member of Fondbolagens förening, UNPRI, Swedsec, Swesif and the UN Global Compact, and is pursuing ISO 27001 certification. The group is led by CEO Therece Selin, with Bo Liljengren as founder and Chairman, Jonas Eliasson as Chairman of ISEC Services AB, and a Head of Sustainability, CISO and CRO completing the executive bench. In May 2026 ISEC announced the acquisition of Swedish institutional broker Adecla Holding AB (closing expected H2 2026 subject to Finansinspektionen approval), marking its first material inorganic expansion.

Name

ISEC Group

Legal name

ISEC Group AB

Website

https://isec.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

ISEC Group is a Swedish fintech founded in 1987 that supplies the SECURA fund management platform, licensed ManCo, fund administration, risk and compliance services to more than 50 Nordic asset managers, fund companies, wealth and private banking firms, with a Luxembourg RAIF structure for pan-European distribution.

Ownership category

akta.pro rank

Product category

Fund Management Software & Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

AML/KYC, Investor Onboarding & Compliance Services (FSAAAMAE)

Keywords

• Fund management software
• Asset management services
• ManCo services
• Fund administration outsourcing
• Portfolio management platform

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Technology Platform Licensing & SaaS: SECURA Platform is offered as a scalable fund management solution, likely through subscription/SaaS licensing model. Includes SECURA Portfolio, SECURA Fund, SECURA Client Web, Reporting Tool & REST API, and SECURA Cloud hosting.
2. ManCo (Management Company) Services: ISEC Services AB is a licensed Management Company providing third-party fund hotel solutions. Services include fund launch, daily operations, risk management, due diligence, oversight, and regulatory reporting. Revenue from ongoing management fees for funds hosted.
3. Fund Administration Services: Streamlined administrative outsourcing services for fund management including transfer agency, accounting, and investor servicing.
4. Investor Services Platform: White-label investor platform with pricing based on assets under management (AUM). Fee structure designed to scale with client business growth.
5. Risk & Valuation Services: Risk management function, risk control, independent valuation, and liquidity management tools for funds.
6. Compliance & Legal Services: Regulatory compliance and legal services for asset managers and fund companies.
7. Sustainability Consulting: Expert consulting services for SFDR compliance, ESG reporting, PAI data reporting, fund sustainability strategy, and regulatory compliance. Includes workshops, documentation, and ongoing advisory.
8. Business Consulting: Consulting services for operational excellence, system optimization (SECURA), project management, and education for fund and asset management industry.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

ISEC Group provides the proprietary SECURA Platform (portfolio, fund, client web, reporting, and cloud modules) for fund and wealth managers, alongside licensed Management Company (ManCo) services, fund administration outsourcing, risk and valuation solutions, and compliance/legal consulting. The company serves as a one-stop-shop infrastructure provider for Nordic asset managers, with a Luxembourg RAIF umbrella structure enabling cross-border fund distribution.

Product overview

ISEC Group offers a unified platform architecture centered on the SECURA Platform, which provides scalable fund management solutions for wealth and fund managers. The platform comprises multiple integrated modules: SECURA Portfolio (portfolio management), SECURA Fund (shareholder system), SECURA Client Web (client portal), SECURA Reporting Tool & REST API (reporting and integration), and SECURA Cloud (hosting with Platinum tier for DORA compliance). Alongside the software platform, ISEC provides comprehensive services including Administration Services (outsourcing), ManCo Services (licensed management company with RAIF umbrella structure), Risk Solutions (risk management, valuation, liquidity tools), Compliance & Legal Services, and DORA compliance support. The company also offers a white-label Investor Services platform for digital onboarding and investor management, along with Business and Sustainability consulting services.

Differentiator

Problem solved

Functional benefit

Brands

• SECURA Platform: Scalable fund management solution for wealth and fund managers, including SECURA Portfolio, SECURA Fund, SECURA Client Web, and SECURA Cloud
• SECURA Cloud
• ISEC ManCo Services
• ISEC SICAV-RAIF

Products and services

• SECURA Platform

Quantifiable outcome

• Over 50 clients served across the Nordic region
• +3 more outcomes

Named customers17 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and strategic.

• BahnhofcoreOthers · 1 January 2023Bahnof is ISEC's data center provider, enabling SECURA Cloud Platinum hosting. This partnership reduced ISEC's Recovery Time Objective from 24 hours to less than 2 hours, making the solution fully DORA-compliant.
• CACEIS BankcoreStrategic or Co-development Partner · 1 December 2022CACEIS Bank provides administration and custody services for the ISEC SICAV-RAIF umbrella fund structure. This partnership enables ISEC to offer comprehensive Luxembourg RAIF fund services with professional banking infrastructure.
• UNPRI (Principles for Responsible Investment)coreStrategic or Co-development Partner · 1 January 2018ISEC joined UNPRI in 2018 (through Bo Liljengren's initiative), committing to incorporate ESG issues into investment practice. As a signatory, ISEC demonstrates commitment to responsible investment principles.
• DatiastrategicTechnology or IntegrationESG-data partnership through agreement with Finana AB for ESG software access. Through this partnership, ISEC gains access to Datia's ESG software for legal reporting of ESG data in compliance with EU regulations.
• Fondbolagens förening (Swedish Investment Fund Association)coreStrategic or Co-development PartnerISEC Services is a member of the Swedish Investment Fund Association and follows the code 'Svensk kod för fondbolag'. Membership provides industry credibility and regulatory alignment.
• SwedseccoreStrategic or Co-development PartnerISEC is a Swedsec affiliate, demonstrating regulatory compliance and industry standards in securities operations and fund management.
• UN Global CompactstrategicStrategic or Co-development PartnerISEC joined the UN Global Compact, committing to uphold human rights, labor standards, environmental stewardship, and anti-corruption principles. Participant in Global Compact Network Sweden.
• SwesifstrategicStrategic or Co-development PartnerISEC is a member of Swesif (Swedish Sustainable Investment Forum), supporting sustainable finance and ESG integration in the Swedish financial market.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• SimCorp: Danish-headquartered provider of investment management software (SimCorp Dimension) for buy-side firms including asset managers, pension funds, and insurers. Most direct Nordic competitor with comparable portfolio management, fund accounting, and regulatory reporting functionality targeting a similar client base.
• Allvue Systems: Provider of investment management software for fund accounting, investor services, and portfolio monitoring, primarily serving private equity, venture capital, and credit managers. Directly comparable product suite (fund accounting, transfer agency, investor onboarding) targeting a similar buy-side mid-market segment.
• FNZ: Global wealth management platform serving asset managers, wealth platforms, and distributors with end-to-end onboarding, portfolio management, and regulatory tooling. Direct competitor in white-label investor services and integrated wealth technology, with much larger geographic footprint.

Broad incumbents

• SEB Fund Services: SEB is a major Nordic universal bank offering custody, fund administration, and ManCo-style services to asset managers and institutional clients. Broader financial services incumbent with overlapping fund services but a fundamentally different business model anchored in banking.
• SS&C Technologies: Global leader in fund administration, transfer agency, and asset management software (including GlobeOp, Advent, and Eze). Operates a much broader, multi-jurisdictional platform but competes for the same Nordic fund administration and middle-office outsourcing mandates.
• Nordnet: Nordic digital wealth and savings platform that both partners with ISEC (for its fund company operations since 2021) and operates competing fund distribution and management capabilities. Comparable in serving Nordic retail and institutional investors, though as a platform rather than infrastructure provider.
• State Street Global Services: Global custody, fund administration, and middle-office services arm of State Street Corporation. Competes for large Nordic and European fund administration mandates with significantly broader geographic and asset-class coverage than ISEC.
• Adenza: Provider of capital markets and asset management software (Calypso, AxiomSL) used by global banks and asset managers for trading, risk, and regulatory reporting. Broader scope than ISEC but overlapping regulatory reporting and risk infrastructure capabilities for asset managers.
• Cognizant Financial Services: Global IT services and consulting firm with a large financial services practice covering asset management operations outsourcing, cloud migration, and application development. Adjacent competitor for outsourced fund operations and managed services work in the Nordic region.

Regional players

• Tietoevry: Finnish-headquartered IT services and software provider serving Nordic financial institutions, including asset management software and outsourced services. Comparable Nordic heritage and financial services customer base, though not a pure-play asset management infrastructure vendor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/invest-systems

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about ISEC Group