eflow Global, a UK-based RegTech scaleup, has successfully secured a £7m in a Series A funding round
In brief:
-The £7m capital injection was led by Finch Capital, with considerable backing from Atempo and ScaleUp Group partners.
- The funding will be used to strengthen eflow's footholds in North America and Asia-Pacific.
-As part of its growth strategy, the company is committed to launching an array of new products and enhanced solutions in the next two years.
What does this mean?
Ben Parker, CEO and founder of eflow Global, noted that, “Increasing scrutiny from global regulators has made it imperative for investment firms to automate costly and time-consuming regulatory obligations. 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.”
