VoxSmart Limited

Product: 
Technology Growth
Status: 
Open
Sector: 
Mobile recording technology
Aim of funding: 
Commercialisation
HMRC Advance Assurance received: 
Yes

VoxSmart Limited

Description: 

VoxSmart is an award-winning mobile recording provider, addressing the global financial services compliance challenges of enabling integrated mobility and social technology within heavily regulated industries.  Under UK FCA regulation, specifically COBS 11.8, all authorised and regulated capital markets firms must record and retain client calls for at least 6 months, including those conducted on mobiles.

The Company’s proprietary cloud-based, patented mobile technology VSmart™ has been developed to capture, record, store, transcribe and analyse all your mobile calls, messages and voicemail using one platform with no geographic dependencies.  VSmart™ is currently available for BlackBerry, Android and iOS, and is capable of recording all voice, voicemail, SMS and instant messaging communication (including WhatsApp) conducted on mobile devices.

The platform can be used with any handset, operating system and network operator: without network dependencies or device limitations it can also be scaled rapidly. The unique two-way client server architecture further allows organisations to deploy the software/platform easily and rapidly to often 1000’s of end users.

Opportunity: 

The market demand for mobile voice recording is expected to increase substantially from January 2018 as a result of the European-wide implementation of MiFID II which mandates that all financial market participants’ telephone conversations be recorded and retained for at least 5 years. In addition to the regulatory driven demand the requirement for business intelligence and analysis is also driving the search for tools to enhance employee productivity and manage risk more effectively.

The Company reports that according to Gartner/IDC, the mobile recording market is correlated to regulation and primed for significant growth;

  • By 2017 there will be c.3m regulated firms within the EU
  • By 2018 there will be 7m EU + US Regulated Financial services firms that will need to comply with MiFID II, MAR, FEMR, the Dodd–Frank Act.
  • It is predicted that by 2020 there will be approximately 9m EU, US and APAC Regulated Financial Services
  • In 2016 there were over 50,000 UK regulated financial services firms and over 125,000 authorised individuals [Source: FCA Annual Report 2015/16]
  • In 2015, the average number of advisers per financial advisory business in the UK was 5 [Source: APFA, March 2016]

Information on this webpage relates to and is provided by Deepbridge Advisers Limited.

The content of this webpage should not be construed as financial advice. Any decision to invest should be made only on the basis of the relevant documentation for each investment. Past performance is not necessarily a guide to future performance. The value of an investment may go down as well as up and investors may not get back the full amount invested. Investments in small unquoted companies carry an above-average level of risk. These investments are highly illiquid and as such, there may not be a readily available market to sell such an investment. Deepbridge Capital LLP, Deepbridge Advisers Limited and Enterprise Partners LLP (together "the Sponsors," or "Sponsor) do not provide specific individual advice on the suitability of investments with regard to a potential investor's individual circumstances, risk tolerance or investment objectives and investors should seek independent financial advice if they are in any doubt whether a product is suitable for them.