ROYC and LemonEdge sign strategic partnership

LemonEdge, the next-generation fund accounting and administration solution for private markets, is delighted to announce a partnership with ROYC (Return on Your Capital) which has chosen LemonEdge as their back-end accounting solution.

ROYC is the market-leading B2B digital solution elevating the private markets investment experience providing a one-stop shop for private market investments. ROYC services Private Wealth Advisors and Asset managers to seamlessly execute and manage private investments.

With ROYC’s leadership team having first-hand experience with many of the industry’s leading accounting solutions and considering several more in their selection process, they chose LemonEdge for numerous reasons, including:

• LemonEdge’s capability to handle closed-ended, open-ended and hybrid funds.
• The inherent flexibility of the solution will allow ROYC to cope with incrementally more complicated products.
• Its Open API will enable deep integration with ROYC’s proprietary investor experience technology.
• An accelerated implementation road map, which prioritises functionality over data migration.
• A team that aligns in experience, expertise, and a shared vision for technology-enabled private markets.

 Mathias Leijon, Founder and Chairman at ROYC, said: “We are exceptionally proud to take the next step in our journey delivering on clients request for up-to-date, flexible and accurate reporting. LemonEdge is, just as ROYC, a modern digital native and cloud based platform aiming to remove friction throughout the private market value chain and thereby enabling more efficient wealth management. We look forward to continue developing next-gen services for private markets together with LemonEdge.“

ROYC is headquartered in Sweden, with an experienced team of ex-Blackstone fund managers and the former Global head of corporations, Institutions and Investment Banking of Nordea which is one of Europe’s biggest banks.

Gareth Hewitt, CEO and Co-Founder at LemonEdge said:

“With ROYC servicing distribution partners who then will service their end clients, the whole investor experience needs to be streamlined and resilient and meet higher regulation standards. The proprietary technology they have built to deliver an efficient investor experience is excellent, and we’re delighted to be providing their behind-the-scenes accounting solution that will connect directly to their technology via our Open API.”