Regtech firm Cappitech raises $4m

Regtech firm Cappitech raises $4m

Cappitech, a provider of automated regulatory reporting technology to the FS industry, has raised $4 million in a Series A funding round led by 83North and joined by the co-founders of Markit.

As part of the deal, One of the Markit co-founders, Rony Grushka, joins the board of Israel-based Cappitech.

Cappitech's Capptivate platform bridges the gap between financial institutions and the regulators, helping firms meet MiFID II, Emir, Asic, RTS 27, Best Execution and other compliance obligations.

Cappitech plans to use the funding to accelerate product development, expand regulatory reach and provide business intelligence and big data analytics using AI. The Sales and marketing team will also be boosted, with a particular focus on Europe.

Ronen Kertis, CEO, Cappitech, says: "This significant investment, combined with the experience and insight which our board brings to the business, will enable us to accelerate our plans and take the business to the next level.

"It will enable us to extend our global reach and add even more functionality to our platform, quickly meeting the growing demands of the market and bringing further value to our customers."

Comments: (1)

A Finextra member
A Finextra member 13 June, 2018, 10:32Be the first to give this comment the thumbs up 0 likes

I like to call this 'compliance tech' instead of 'regtech'.