UK-based fintech firm VoxSmart has received strategic funding of £5.5m from NatWest to expand communications surveillance software for the financial market.

VoxSmart offers communications surveillance and mobile capture technology for financial markets to detect signals of malpractice and market abuse.

VoxSmart is the first company in the UK to deploy its surveillance kit to track communications across platforms like WhatsApp and WeChat.

Its mobile capture technology records and archives voice, text, and instant messages on communication platforms.

VoxSmart group CEO Oliver Blower said: “We are building something unique together with our clients and continue to be excited with how our technology is redefining how financial markets see their data.

“We are delighted to have NatWest support us as we continue to set the global standard for communications surveillance.”

Founded in 2006, VoxSmart has a customer base of over 100 blue chip financial services companies.

The fintech firm, which also has offices in Singapore and New York City, said it will use the money to expand into new markets and accelerate product development.

NatWest’s latest investment is a part of its newly-created £100m growth capital fund.

NatWest growth capital director Kit Maclaren said: “Financing UK companies such as VoxSmart, reflects our firm-wide dedication to supporting high growth, innovative scale-up businesses and is the key driver behind our new Growth Capital product.”