New investors in kompany, the Anti-Money Laundering & Business KYC (KYB) platform, bring total raised to €14 million
kompany, the award winning RegTech platform for Business KYC (KYB) announced new investment of almost €6 million, the company’s largest single investment round to date. It will use the new funding to accelerate growth and expand its new product lines, the AI-based shareholder analysis tool UBO discovery® and the DLT-based audit-trail solution KYC onchain.
#RegTech platform @kompany is proud to announce its latest fundraising round, bringing the total raised to €14 million. This new round will support the continued development of key technologies to serve its international client base.
Growth Funding Round
Fairway Global Investment led the round, together with Global Brain, a major venture capital firm based in Tokyo, Japan, who acted as co-investor. Both are global investors in RegTech, FinTech and the payment sector and expect their portfolio companies to benefit from kompany’s technological lead in Business KYC (KYB). Existing shareholders, including the European Super Angels Club and the kompany management team also participated in this round.
“kompany’s Business KYC services have been shown to bring significant efficiency gains for their clients and are particularly relevant to our investments in the payments sector and also our corporate partners. We look forward to leveraging this new partnership with kompany to support our other portfolio companies and partners” said Naoki Kamimaeda, Partner at Global Brain.
“The smart money understands that RegTech is about turning the burden of compliance into a competitive advantage by enabling customers to drastically reduce client onboarding times by 90% and by completely digitizing the process and customer experience,” stated kompany Founder & CEO Russell E. Perry.