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Clausematch raises $10.8m in new funding

London based regtech company raised $10.8m in new funding led by Lytical Ventures.

“We got pulled to the US market and saw a significant demand for our solution in the financial services sector. With this funding round we are increasing our sales and marketing efforts on the US and European markets. And we are also continuing to invest in our technical and product capabilities to automate compliance workflows and apply our data science models to the compliance content as one of the biggest challenges that heavily regulated firms are facing is keeping up with the volume of regulatory change.”

Tags

regulation, compliance