Key Takeaways
- • Mako Financial Technologies and SGGG Fund Services have unveiled a strategic alliance to automate subscription and KYC onboarding for fund issuers, advisors, and managers in the US and Canada.
- • The integration enables straight-through processing of subscriptions into SGGG's Diamond Fund Administration System, aimed at eliminating rekeying errors and reducing processing times.
- • SGGG administers 1,100 alternative funds globally with $95 billion in assets under administration, according to the release.
- • Mako reports more than 80 clients across wealth management, institutional capital markets, and alternative fund issuers.
- • The Mako-SGGG system is already in use by several leading asset managers in the US and Canada, with redemption automation planned in later releases.
Summary
Mako Financial Technologies, Inc. ("Mako") and SGGG Fund Services Inc. ("SGGG") announced a strategic alliance designed to modernize and streamline subscription and know-your-customer (KYC) processes for fund issuers, advisors, and managers in the United States and Canada, according to a Business Wire release dated April 3, 2025.
The partnership is built around a technical integration that allows subscriptions captured through Mako's onboarding platform to flow straight through into SGGG's Diamond Fund Administration System and related fund services. The companies say this eliminates rekeying errors and shortens processing times. Further releases are planned to automate redemptions and other post-onboarding activities.
SGGG, which has provided third-party fund administration since 1997, says it administers 1,100 alternative funds globally with $95 billion in assets under administration. The release describes SGGG as headquartered in Toronto with affiliate offices in the United States, Cayman Islands, and India, and states it has been named Canada's Top Hedge Fund Administrator four years in a row.
Mako, headquartered in Montreal and founded as a provider of cloud-based client engagement services in 2018, offers a low-code platform for building custom client data collection workflows. Its features include native e-signature, custom data model configuration, and bulk repapering. The company reports more than 80 clients, ranging from wealth management firms and institutional capital markets to private and alternative fund issuers and asset management companies.
Raphael Bouskila, Mako's founder and President, said the firm's low-code approach allows it to deliver whitelabelled, compliant, and fully integrated solutions. Andy Smith, SGGG's Chief Strategy Officer, said the collaboration continues the firm's focus on raising the bar for service to investors and issuers. The release states the Mako-SGGG system is already in use by several leading asset managers in both countries, and interested parties should contact their Mako or SGGG representative to schedule an integration.
The release does not disclose financial terms of the alliance.
The partnership is built around a technical integration that allows subscriptions captured through Mako's onboarding platform to flow straight through into SGGG's Diamond Fund Administration System and related fund services. The companies say this eliminates rekeying errors and shortens processing times. Further releases are planned to automate redemptions and other post-onboarding activities.
SGGG, which has provided third-party fund administration since 1997, says it administers 1,100 alternative funds globally with $95 billion in assets under administration. The release describes SGGG as headquartered in Toronto with affiliate offices in the United States, Cayman Islands, and India, and states it has been named Canada's Top Hedge Fund Administrator four years in a row.
Mako, headquartered in Montreal and founded as a provider of cloud-based client engagement services in 2018, offers a low-code platform for building custom client data collection workflows. Its features include native e-signature, custom data model configuration, and bulk repapering. The company reports more than 80 clients, ranging from wealth management firms and institutional capital markets to private and alternative fund issuers and asset management companies.
Raphael Bouskila, Mako's founder and President, said the firm's low-code approach allows it to deliver whitelabelled, compliant, and fully integrated solutions. Andy Smith, SGGG's Chief Strategy Officer, said the collaboration continues the firm's focus on raising the bar for service to investors and issuers. The release states the Mako-SGGG system is already in use by several leading asset managers in both countries, and interested parties should contact their Mako or SGGG representative to schedule an integration.
The release does not disclose financial terms of the alliance.
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