ClauseMatch secures £2m in venture debt from Silicon Valley Bank to fund international growth
The London RegTech firm has closed its first venture debt funding round to support operations in Europe and Asia.
London based RegTech firm that automates compliance workflows and policy management for financial institutions. The platform uses machine learning to standardise internal processes across legal, finance and risk departments.
ClauseMatch has secured £2m in venture debt from Silicon Valley Bank to fund its ongoing expansion across Europe and Asia. The capital will support the company as it builds on recent operational launches in Singapore and serves a growing roster of international banking clients.
The regulatory technology firm streamlines compliance and policy management for large institutions, reducing manual overheads and administrative costs. The fresh capital arrives as financial services firms increasingly seek automated alternatives to traditional compliance workflows.
The transaction marks the first venture debt package for the London business, which previously graduated from the TechStars Barclays Accelerator programme. Silicon Valley Bank's UK branch backed the transaction.
From the founder
"Our ambition is to create a world where compliance is transparent and viewed as a business enabler rather than a hindrance. Our clients being global means that we already have a presence in many regions across the world. The funding received from Silicon Valley Bank will help us deliver our solution to financial institutions that are headquartered in Europe, Asia and US."
Evgeny Likhoded
CEO and founder at ClauseMatch
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
ClauseMatch
ClauseMatch provides automated compliance workflow solutions for financial institutions.