Spektr exits stealth with €5m seed funding to revolutionise compliance automation

Spektr exits stealth with €5m seed funding to revolutionise compliance automation

Spektr, a pioneering company in the compliance technology sector, has officially emerged from stealth mode, heralding a new era in ongoing due diligence.

The firm, renowned for its innovative approach to compliance, has secured a significant €5m in seed funding. This financial injection comes courtesy of leading investors Northzone, Seedcamp, and PreSeed Ventures, marking a pivotal moment in Spektr’s journey towards transforming compliance into a dynamic, revenue-generating function.

At its core, Spektr is dedicated to redefining the compliance landscape. Originating from the minds behind HelloFlow, a no-code platform for secure global customer onboarding, Spektr has evolved under the auspices of Trulioo, a global leader in identity verification. The team’s deep dive into the compliance industry’s needs, informed by conversations with over 400 experts in compliance and risk, underscored a glaring issue: the reliance on manual monitoring and risk management post-digital onboarding is both inefficient and costly.

The company’s mission is clear – to automate and streamline ongoing due diligence processes. By introducing advanced automation, Spektr aims to alleviate the heavy reliance on manual tasks that many compliance teams face. This not only enhances operational efficiency but also significantly reduces the resources required for monitoring and alert resolution.

Its focus will be on automating up to 90% of risk and monitoring tasks, thereby boosting operational efficiency and driving higher conversion rates for businesses.

Northzone’s principal Maxine Rior said, “We are incredibly excited to partner with spektr. They are an exceptional team with a very clear product vision, and we believe they will be able to leverage their experience from HelloFlow to build spektr into a category-defining company within the compliance space.”

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