Dotfile, a French compliance operating system supporting FinTech and regulated firms to verify their customers, has scored €2.5m in seed funding.
The round was led by V13 INVEST with participation from Kima Ventures, Pareto Holdings, Super Capital, Upscalers, Polymatter Ventures. Several startup founders also took part.
According to FinSME, Dotfile helps organisations automate customer approval and fraud detection so they can onboard clients faster and save on operational costs, while shielding them from legal, financial and reputational risks.
The compliance solution is integrated with leading financial databases, business registries, AML providers and fraud prevention APIs. Customers can mix and match data sources and configure custom decision rules without coding.
Dotfile intends to use the funds to accelerate the development of its compliance platform, expand its team and expand into new markets.
The company intends to use the funds to accelerate the development of its compliance platform, expand its team and expand into new markets.
With the new funding, Dotfile will continue to develop its platform, leveraging an API-centric approach to allow customers to integrate verification capabilities into their own systems. The company also plans to invest in analytics capabilities and to double its workforce by the end of the year.compliance-firm-dotfile-lands-e2-5m
Elementus, a blockchain intelligence platform aimed at helping financial institutions and crypto exchanges, has raised $10m in its Series A-1 round.
Copyright © 2023 RegTech Analyst
Copyright © 2018 RegTech Analyst
