US EditionRegTech Firm Formalize Bags €30m Series B Funding
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Compliance moves away from the legal field to enter the data field, for a long time confined to legal departments and to paper documentation, it becomes a software, an infrastructure, a continuous flow of signals to audit and automate. This displacement takes place in a new generation of actors who conceive regulation as a technological service. ... L'article The rise of compliance-as-a-service: Formalize raises 30 million euros to industrialize…
RegTech firm Formalize bags €30m Series B funding
Formalize has secured €30m in Series B funding to accelerate its mission of becoming the continent’s leading GRC platform. The investment round was co-led by Acton Capital from Germany and BlackFin Tech from France, with additional participation from West Hill Capital and CIBC Innovation Banking. Formalize provides a unified platform that automates and streamlines compliance for small and mid-sized enterprises (SMEs) across Europe. It helps orga…
This Danish regtech wants to become the European reference platform in risk management and compliance. It already has several French banks among its customers.
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