The ID Register spins out of Apex

The ID Register has spun out of Apex Group, following its MBO led by founder Tim Andrews and backed by Perscitus LLP.

The ID Register, initially backed by Ipes, is a clearinghouse for KYC and investor onboarding. Following Apex’s acquisition of Ipes in June 2018, backed by Genstar Capital, The ID Register was assumed into the larger group. It currently houses 25,000 investor profiles. Each investor controls their information in a profile, which, once approved, allows them to connote to their investments and service providers.

Following the transaction, The ID Register will seek to expand its base of alliance partners and clients, further its regulated services, and invest in its technology and operating model.

Tim Andrews, founder of The ID Register, commented, “ A one-and-done subscription and KYC solution provides an obvious advantage for investors, fund managers and service providers alike, especially in a post-pandemic world where technology underpins great service and efficiency. We have a strong team and will now invest for growth as we increase the pace of our technology development; become regulated; and extend the depth and range of our services. I am grateful for the support of Peter Hughes and the wider Apex team and we are excited about our next stage of growth as an independent company.”

Headquartered in Guernsey, The ID Register was established in 2016 and currently employs 20 developers and operational analysts.