Guernsey-founded private markets fintech business, IDR, is growing globally.
IDR provides ‘one and done’ investor onboarding services to private markets fund managers. Our business doubled its revenue and global headcount during 2022. Key drivers for our continued growth include:
- A hugely successful partnership with global technology behemoth FIS Global;
- Establishing in the UK, Luxembourg and North America
- The launch of subscription and MLRO services
- The growth of our new Cape Town office
“These are significant developments for our business which position us well for continuing our rapid growth trajectory in 2023. Recruitment is therefore high on our agenda, and we’ve increased our office space in Guernsey’s iconic market building to accommodate further expansion of the team here” says Tim Andrews, Founder.
Solving an industry wide problem
Today, IDR connects nearly 40,000 investors – over 50% of the world’s private markets investors – to 5,500 funds. The firm has a presence in 11 locations worldwide and works with some of the biggest fund managers in the industry.
Speaking about the concept behind IDR, Tim says “We made it our mission to connect fund managers and investors directly via our global ‘hub’. Investors still complete all the necessary checks around whether they’re eligible to invest but with us they do this once to create a digital investment passport which they can share securely with all their investments. Fund managers can raise funds more quickly from this pre-approved pool of investors. It’s a win-win solution to an industry wide problem.”
Bringing fintech to Guernsey
“With our rapid growth comes interesting opportunities for people in Guernsey to build a fintech career with us. We offer a path into the finance industry outside the usual traditional financial services space,” says Tim.
We’re a true mix of ‘fin’ and ‘tech’ with professionals in tax, legal and compliance working collaboratively with developers organised into ‘squads’ to identify and deliver solutions that help our clients. We’re very collaborative in our approach with our global #IDRTeam working seamlessly to deliver a strong and consistent service.”
Global growth, local opportunities
Our local team works with colleagues around the globe, there are opportunities to work within different teams, spend time in other offices and even relocate. It’s a great launchpad for people who want to challenge themselves, learn new skills and grow with us.
“Our growth isn’t going to stop here: this year we’re gaining regulatory approval in Luxembourg, we’re expanding in the US and we’re extending our client offering. We’re at an incredibly exciting point in our journey; it’s a great time to join us as we build the future of private markets onboarding” he concludes.
