A SaaS platform giving leading companies confidence in their tax and regulatory reporting
Mobeus VCT Fundraising
Founded in 2009, Arkk is a UK-based Software as a Service provider that digitises regulatory reporting, which is increasingly required by authorities worldwide. The business recently launched for:sight, a new software platform that simplifies burdensome processes, reduces the potential for non-compliance, and frees up the finance function to focus on value-adding tasks. Arkk has over 800 clients in 20 countries, including a quarter of the FTSE 350 and 10 of the top 20 UK accounting firms.
We invested £5 million of growth capital in May 2019. As tax authorities increase pressure to boost revenues and improve transparency through digitising all tax and compliance reporting, Arkk has a fantastic opportunity to leverage its unique platform, strong reputation in the regulatory reporting market, and very loyal customer base.
Our capital will support Arkk’s plans to invest in sales, marketing and new product development to accelerate its strong position in the UK tax and regulatory reporting market.
“Mobeus's investment in Arkk comes at a tipping point for transforming tax and reporting functions. CEOs trying to steer companies through a tough competitive and regulatory environment can no longer afford to get tax wrong. The timeliness and accuracy of external reporting underpins a company’s standing with investors, regulators, customers, employees, suppliers and society."
Richard Metcalfe, Arkk CEO