Spotlight On: Quai

As part of our ‘Spotlight On’ series, we focus on Quai Administration Services, a platform Business Process Outsourcer to the high volume personal savings industry

Quai’s platform administers thousands of individual savings plans at a fraction of the cost incurred by established insurance companies and wealth managers, with the Company’s compliant and efficient administration systems providing clients with the ability to drive operational efficiencies. Quai’s systems focus on the provision of two core administration services: Product Administration and Portfolio Administration.

In October 2016, Punter Southall Aspire, the leading workplace pensions and savings business, selected Quai as the outsourced investment administrator for its forthcoming Master Trust. At the same time Punter Southall Aspire made a strategic investment in Quai, taking a small minority stake. Punter Southall has more than £3.5bn of advised assets and provides advisory services to 1,250 pension schemes with over 200,000 members. The support of Punter Southall, a major player in the pensions industry, is a testament to the value of Quai’s platform. Other clients include PJ Milton, Organic Investment Management and the financial services App, Digital Moneybox.

Since the first calculus investment in 2014 Quai’s revenues have grown by over 200% (over 30% compound annual growth). The overall growth rate has been rapid and is especially impressive considering that the nature of the pensions and long-term savings industry is such that the adoption of new technology tends to be slow. Punter Southall’s selection of Quai as its Master Trust partner in 2016 has significantly raised the Company’s profile. Quai now has high value enterprise customers live on its platform and is receiving multiple in-bound enquiries and referrals.

In March 2018, Calculus provided further support to the company and participated in a follow on funding round to support the continued growth of the business.

For more information about Quai, click here.

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