UK-based regtech eflow Global has successfully raised £7 million in a Series A funding round led by Finch Capital. Atempo and ScaleUp Group also participated in this round, which aims to enhance eflow’s presence in North America and Asia-Pacific.
Founded in 2004, eflow specializes in providing software solutions that assist financial firms in meeting their regulatory requirements, including market abuse surveillance, transaction-cost analysis, transaction reporting, and eComms surveillance. The company is currently implementing a renewed growth strategy, having transitioned to a 100% cloud-based SaaS model in 2021 and completed a management buyout last year.
Ben Parker, CEO of eflow Global, emphasized the growing need for automation in compliance: “Increasing scrutiny from global regulators has made it imperative for investment firms to automate costly and time-consuming regulatory obligations. With our recent move to a 100% cloud model, we felt the time was right for us to take additional investment to accelerate growth and product development plans.”