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Investment April 2022

Business ModelSoftware

Business Document and workflow automation

Growth StrategyOrganic AcceleratorsDigital Transformation

Why we invested

The global structured products market is worth approximately US$3 trillion and growing at over 10% per annum. The complexity of structured products requires a high volume of associated legal and regulatory documents which have historically been drafted manually. WSD’s market-leading software solutions automate the creation and management of these documents thereby reducing cost, increasing efficiency and improving the accuracy of the data provided to its clients. The company has a significant opportunity for further growth as it meets increasing demand and expands into adjacent markets.

Size of structured products market

US$3 trillion

The story so far

WSD has achieved revenue growth of over 15% per annum since 2019. Bowmark’s investment is helping to accelerate delivery of the company’s product development roadmap and extend WSD’s infrastructure across North America, Europe and Asia.

Since Bowmark’s investment, WSD has expanded its senior management team, including the appointment of a Chief Information Officer. The company is also benefiting from Bowmark’s experience of supporting businesses that provide specialist technology solutions to the financial services industry, including Pirum Systems, a provider of post-trade automation technology, and Data Explorers, a specialist financial data provider.

We have found a partner who truly understands our business and shares our vision of offering banks a straight-through automation solution for structured products and OTC derivatives. Bowmark’s previous experience in the sector is invaluable as we move to the next stage of our development. Mathias Strasser,Founder and CEO

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