Next Gate Tech

Next Gate Tech is a fintech company founded in Luxembourg in 2019 that builds SPARK, a platform for the data management, automation and oversight needs of the fund and asset management industry. The platform ingests data from any source, format or provider, then structures, harmonises and models it, resolving entity identifiers with AI assistance while maintaining lineage, versioning and audit trails. On top of this data layer it offers deterministic, reproducible workflows with visual drag-and-drop building, schedule/event/condition triggers, human approvals and escalations; an agentic AI layer for document data extraction and custom agents with tool access and governance controls; collaboration features such as shared dashboards, task comments and branded client portals; and analytics covering NAV oversight, fees analytics, price validation and portfolio attribution.

The company positions SPARK as infrastructure for agentic AI in regulated finance, emphasising single-tenant, sovereign architecture in which client data does not cross into shared infrastructure or external model training, customer choice of LLM, and control over memory and data access. Stated compliance and security credentials include ISO/IEC 27001:2022, NIST 800-53 Rev. 5, DORA and GDPR, plus SSO/SAML, customer-managed encryption keys, data residency options and role-based access control. Domain knowledge is embedded in the product, including NAV oversight failure modes, fee methodology variation across jurisdictions, and escalation logic for CSSF and Central Bank of Ireland auditors. Integrations include pre-built connectors for major data vendors, custodians and administrators, REST and GraphQL APIs, webhooks and event streaming, and SFTP/cloud storage transfer, with external analytics providers such as Clarity AI, MSCI and Bloomberg connectable.

Earlier descriptions of the company characterise it as a data-driven SaaS provider using proprietary machine-learning models for advanced data analytics and intelligent data management, serving middle- and back-office oversight processes and covering more than 36 distinct use cases, including NAV monitoring, risk assessment, portfolio manager oversight and ESG analysis.

Founding story

Next Gate Tech was founded in Luxembourg in 2019 by investment specialists Semin Ibisevic (CTO and co-founder) and Davide Martucci (CEO and co-founder). According to the founders, the company grew out of problems they experienced directly in the financial sector: a technology gap between the front office, which adopts advanced technology for investment decisions, research and trading, and the middle/back office, which handles operations, NAV calculations and regulatory compliance largely through manual processes and legacy systems. The stated aim was to harmonise data to bridge that gap, combining operations expertise with data science and AI rather than patching existing tooling.

Business model

Next Gate Tech sells a cloud-based, single-tenant SaaS/platform product (SPARK) to financial institutions, delivered as pre-configured solutions assembled from platform layers (data, agents, workflows, analytics, collaboration, integrations, security) and targeted at specific operational problems such as reconciliation, fund life cycle management, referential data management and NAV oversight.

Software-as-a-Service delivered via a web platform to institutional clients in the fund and asset management industry; specific pricing terms are not disclosed in the available material.

Traction

Reported platform metrics include €500bn+ in assets under SPARK, 10 million+ entities managed daily and 99.9% uptime, with 30+ clients and partners across Europe as of 2025. A published case study states BNP Paribas validates more than 15,000 NAVs daily on SPARK, and another cites an 80% reduction in manual work for a top-tier asset manager's reconciliation process. The Google Cloud case study reports $1 trillion in assets under management processed daily by the platform and five petabytes of data processed monthly, with coverage of more than 36 use cases. Named clients include BNP Paribas Securities Services, Amundi (including Amundi Luxembourg), Capital Group and Eurizon.

Latest developments

Recent company publications focus on agentic AI governance in production: posts on building a shared control layer for agent permissions, policies, approvals, ownership and auditability (July 2026), evaluation-driven development of Spark agents using tasks, trials, traces and evaluators (June 2026), and the separation of agentic governance from deterministic execution (June 2026). The company reports reaching €500bn+ in assets under SPARK with 30+ clients and partners in 2025, following the 2024 launch of AI-native capabilities embedded across the platform.