202325 Jul

London-based regtech eflow Global secures €8.1 million to help more financial firms comply with regulations

Summary

Led by Finch Capital and supported by Atempo and ScaleUp Group partners, this funding round will help to accelerate eflow’s growth with a particular emphasis on strengthening footholds in North America and Asia-Pacific. With a recent move to a 100% cloud model, we felt the time was right for us to take additional investment to accelerate growth and product development plans.” The company’s emphasis on simplifying compliance procedures while retaining robust security has granted them a reputation as one of the world’s leading RegTech providers. This most recent injection of capital will fuel an exhaustive period of research and development with the company hoping to release a range of new products and enhanced solutions over the coming two years. There aren’t many profitable and high growth businesses in regulation technology and that is a testament to how well the team has done to deliver best in class SaaS solutions to marquee customers. After migrating to a 100% cloud-based SaaS model in 2021, eflow Global’s executive team led a successful MBO in 2022, sparking this most recent period of expansion.

Source: Eu-startups

Funding

$9M
Amount
Jul 25 2023
Date
-
Investor

Classifications

Companies