Regulatory technology or RegTech, along with wealthtech and proptech (property technology), is on the rise. Regulators are using it more and more and venture capitalists are investing in it, even though its take-up among firms seems to have plateaued temporarily.

Venture capitalists investing in RegTech

Marlin Equity Partners has made a 'growth investment' in SmartSearch, a British RegTech company which specialises in anti-money-laundering and ‘know your customer’ compliance through a software-as-a-service platform. Marlin is a private equity investor, with more than $6.7 billion under management, which operates on a global scale.

With the slogan "Up, up and away!" Apiax, a RegTech start-up from Zürich, has completed a US$6.6 million round of Series A funding that was co-led by e.ventures and XAnge and joined by previous investors such as Peter Kurer, DIVentures, Swiss ICT Investor Club (SICTIC), Zürcher Kantonalbank and Tugboat. Apiax was founded to transpose written regulations into binary, machine-readable compliance rules, allowing new digital solutions and products to be “compliant by design”. Major - yet unnamed - financial institutions are now using it.

Nicolas Blanchard of Apiax has proudly proclaimed: "With e.ventures and XAnge, we have found the perfect partners to boost our global expansion plans. One of our next steps is to take our RegTech start-up to Singapore!"

Here and there

CUBE, a RegTech firm whose headquarters are in London, has announced that its regulatory intelligence and regulatory change-management software has filled the number one ranking in the 2019 Market FinTech RegTech Suppliers Report. ACA Compliance Group in London is now marketing ComplianceAlpha 2.0, a ‘next-generation’ risk and compliance management platform.