SteelEye, a outstanding RegTech agency, lately confirmed that the corporate has raised $21 million in its Sequence B funding spherical to develop its presence the world over. SteelEye highlighted that it’s aiming to develop its operations in North America.
Ten Coves Capital led the funding spherical. A variety of buyers, together with Constancy Worldwide Strategic Ventures, Illuminate Monetary and Beacon Fairness Companions additionally joined the checklist of SteelEye’s buyers.
Headquartered in London, the corporate has workplaces in Bengaluru, New York and Braga. SteelEye presents compliance know-how and knowledge analytics. In keeping with the small print shared by the corporate, its revenues climbed by virtually 88% in 2021.
Matt Smith, the CEO of SteelEye, stated: “Dealing with regulatory clampdowns, big knowledge volumes and inflation impacts on budgets, monetary companies want methods to cut back prices via efficiencies and automation. That is what we ship via our distinctive, data-centric compliance platform. We’re delighted to companion with the group at Ten Coves Capital, which has a protracted historical past of enabling know-how companies to scale and ship actual worth to the monetary providers business.”
RegTech Options
The worldwide demand for progressive RegTech options has jumped up to now few years. Brian Lynch, the President of SteelEye Americas, believes that the rising regulatory stress has pushed the demand for know-how options larger.
“SteelEye has a extremely differentiated strategy and has demonstrated robust momentum and development. Monetary providers companies are drowning in knowledge and SteelEye delivers a contemporary unified knowledge seize and analytics answer at scale tuned to extra precisely and effectively separate out the noise from actionable investigations. We’re excited to companion with the corporate because it accelerates its growth within the North American market and past,” Steve Piaker, a Managing Associate at Ten Coves Capital, stated within the announcement.
Royal Park Companions acted because the unique monetary and strategic advisor to SteelEye and its shareholders all through the transaction.
SteelEye, a outstanding RegTech agency, lately confirmed that the corporate has raised $21 million in its Sequence B funding spherical to develop its presence the world over. SteelEye highlighted that it’s aiming to develop its operations in North America.
Ten Coves Capital led the funding spherical. A variety of buyers, together with Constancy Worldwide Strategic Ventures, Illuminate Monetary and Beacon Fairness Companions additionally joined the checklist of SteelEye’s buyers.
Headquartered in London, the corporate has workplaces in Bengaluru, New York and Braga. SteelEye presents compliance know-how and knowledge analytics. In keeping with the small print shared by the corporate, its revenues climbed by virtually 88% in 2021.
Matt Smith, the CEO of SteelEye, stated: “Dealing with regulatory clampdowns, big knowledge volumes and inflation impacts on budgets, monetary companies want methods to cut back prices via efficiencies and automation. That is what we ship via our distinctive, data-centric compliance platform. We’re delighted to companion with the group at Ten Coves Capital, which has a protracted historical past of enabling know-how companies to scale and ship actual worth to the monetary providers business.”
RegTech Options
The worldwide demand for progressive RegTech options has jumped up to now few years. Brian Lynch, the President of SteelEye Americas, believes that the rising regulatory stress has pushed the demand for know-how options larger.
“SteelEye has a extremely differentiated strategy and has demonstrated robust momentum and development. Monetary providers companies are drowning in knowledge and SteelEye delivers a contemporary unified knowledge seize and analytics answer at scale tuned to extra precisely and effectively separate out the noise from actionable investigations. We’re excited to companion with the corporate because it accelerates its growth within the North American market and past,” Steve Piaker, a Managing Associate at Ten Coves Capital, stated within the announcement.
Royal Park Companions acted because the unique monetary and strategic advisor to SteelEye and its shareholders all through the transaction.
