Digital compliance platform Apiax has reportedly received an investment from the Futury Regio Growth Fund to help its move into Germany.
The RegTech company has solidified its move into Germany by getting its first client in Frankfurt, according to a report from Frankfurt Valley.
Based in Switzerland, Apiax provides companies with digital tools to handle their compliance processes. Its platform has been used in a number of use cases, including automated suitability checks on investment proposals, compliance checks, data protection, digital onboarding and more.
Futury managing director Benjamin Krahmer told Frankfurt Valley, “The Apiax team combines technical expertise with regulatory know-how and entrepreneurial spirit. Apiax has created an excellent basis for further growth with its existing clients, partnerships and projects. We look forward to working with the team and the founders.”
Apiax previously raised $6.6m in its Series A round in 2019. Backers to the round included XAnge and e.ventures.
The RegTech was named in the latest RegTech100 list, which comprises the companies professionals in the financial industry should know about.
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