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RegTech SaaS platform provider, FundApps, has secured “significant” growth equity investment from FTV Capital, which has a strong track of investing in high-growth capital markets tech firms.
Founded in 2010 (at The Beehive pub, Kennington!), FundApps will use the funding to speed up the expansion of its product offering, including looking at possible acquisitions.
The evolving raft of regulatory requirements facing UK Financial Services is a constant challenge for organisations. The EU's Digital Operational Resilience Act (DORA) and the UK's rules around Critical Third-Party Providers are just the latest additions to the plethora of rules governing the sector.
RegTech (Regulatory Technology) solutions help end user organisations comply with regulations and FundApps operates across both buy and sell-side institutions. The platform is used by hedge funds, asset managers, pension funds, and investment banks, to monitor over $29tn in assets. The platform feeds in regulatory expertise, market data and coded rules so clients can stay on top of regulatory change and operational risk.
Posted by: Kate Hanaghan at 10:00
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funding