S&P Global is 3rd corporate investor in Handshakes

EMERGING data tech company Handshakes has closed its latest investment round led by S&P Global and Nikkei Inc, it announced in a statement on Thursday (Aug 25).

S&P Global is its third corporate investor, joining earlier investors Nikkei and SPH Media Holdings in funding the data analytics and risk-monitoring solution platform that specialises in corporate intelligence.

S&P Global has taken a new 15.87 per cent stake, Nikkei increased its stake to 25.87 per cent and SPH Media Holdings remains invested with a 17.55 per cent stake. This latest investment round values Handshakes at US$63 million.

It says it has a strong regional client base in audit, banking, investigation and enforcement, and that its platform increases corporate transparency by giving clients access and insights to complex corporate data centred on companies and individuals.

Its AI (artificial intelligence) technologies enable reconciliation of entities across multiple data sources and jurisdictions – including government data, news and private repositories.