Governance.com, a RegTech company based in Luxembourg and the Netherlands, has announced its recent €3 million equity round.
After a record revenue year and being recognised for the second consecutive year as one of the most innovative RegTech companies in the world, Governance.com has raised an investment round to fuel its growth.
The company facilitates the digitalisation of management tasks for financial sector players in order to achieve sustainable business success. It enables financial institutions to combine the tasks of regulatory compliance, transparency and cost savings. In addition, Governance.com's cutting edge data aggregation, process automation and analytics technology help simplify and automate regulatory processes and put real-time business intelligence at their client’s fingertips.
Bert Boerman, CEO of Governance.com, commented: “Our ready-to-go solutions for fund managers and depositaries, combined with our new CRM solution, are extremely well received. The pre-configurated models, in line with CSSF circulars like 18/698 and 18/697, enable clients to be immediately operational with cost effective implementations. Moreover, our new robotic process automation technology can help increase compliance productivity by 25%, while ensuring that our clients can always demonstrate regulatory compliance”.
Georges Bock, Chief Strategy Officer of Governance.com, added: “The year 2019 was very good, year 2020 will be even better. We are on our track to become Luxembourg champion and a recognized regional player for digital governance solutions in the asset management industry. We remain very ambitious. We plan to revolutionize the entire governance ecosystem by simplifying matters and reducing the costs of any corporate governance challenge. Some major announcements will follow soon, so stay tuned!”
The new funds will be used to double the company's headcount to satisfy the fast-growing demand for its solutions. Over the next twelve months, Governance.com will hire 20 top talents to boost its Clients and the Solutions Teams.