UK-based RegTech eflow Global has raised £7m in capital through a Series A funding round.

The round was led by Finch Capital with support from Atempo and ScaleUp Group and will be used to accelerate eflow’s growth in North America and Asia-Pacific.

Founded in 2004, eflow Global provides financial firms with software solutions to help them comply with their regulatory requirements.

They offer award-winning solutions for market abuse surveillance, transaction-cost analysis, transaction reporting and eComms surveillance.

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.

Its solutions are currently used by over 100 financial institutions worldwide including Aegon Asset Management and Plus500.

eflow executive team completes MBO

Ben Parker, CEO and founder of eflow Global, said: “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 per cent cloud model, we felt the time was right for us to take additional investment to accelerate growth and product development plans.”

Aman Ghei, partner at Finch Capital added: “We are very excited to be partnering with Ben and the team at eflow.

“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.

“With our investment, the team will further be able to invest in technology and product development to enable their customers to stay on top of the ever-changing regulatory environment.”

After migrating to a 100 per cent cloud-based SaaS model in 2021, eflow Global’s executive team led a successful MBO in 2022, sparking this most recent period of expansion.

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.

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