docStribute, a trailblazing RegTech firm based in London, has successfully completed a pre-Series A funding round.
This significant investment of £820,000 was primarily contributed by financial service angels, highlighting the confidence and potential seen in docStribute’s vision and technology.
At its core, docStribute specialises in leveraging Distributed Ledger Technology (DLT) to revolutionise the way financial institutions communicate with their clients. This cutting-edge technology ensures the absolute integrity of information, fully complying with the stringent guidelines set by the Financial Conduct Authority (FCA) for durable mediums.
The capital influx will be strategically deployed to bolster both the development and marketing arms of the company. This move aims to enhance customer integration and accelerate the scale-up of the business.
Christopher Ansara, the visionary Founder of docStribute, shared his insights on this remarkable milestone. “Securing £820k in pre-Series A funding allows docStribute to continue to redefine financial services communication. Our commitment goes beyond compliance, as it is changing our clients’ relationships with their customers by ensuring crucial financial information is communicated effectively and efficiently.
“This significant funding milestone follows a notable stride towards industry recognition, as docStribute successfully onboarded a tier 1 bank at the end of 2023. This brings our number of clients to over 30 and means we will be sending out more than 5 million documents a year. Adding such a prominent financial institution underscores the effectiveness of docStribute’s solutions in meeting the evolving needs of the finance sector.”
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