docStribute raises £820k in pre-Series A funding from financial service angels to scale operations
The London based RegTech firm secured the investment from financial service angels to expand its development and marketing capabilities.
London based RegTech company that transforms financial service communications by using Distributed Ledger Technology to ensure document integrity and compliance. The platform helps institutions meet regulatory standards while improving client engagement and reducing operational costs.
London based regulatory technology firm docStribute has secured £820k in a pre-Series A funding round backed by financial service angel investors. The fresh capital will be directed towards expanding development and marketing capabilities to accelerate business growth and improve customer integration.
The company leverages Distributed Ledger Technology to provide immutable hyperlinks, helping financial institutions comply with Financial Conduct Authority regulations regarding durable mediums and consumer duty. This latest injection of capital follows a period of commercial traction that includes onboarding a tier one bank and pushing its client base past thirty organisations.
From the founder
"Securing £820k in pre-Series A funding allows docStribute to continue to redefine financial services communication. Our commitment goes beyond compliance, as it is changing our clients’ relationships with their customers by ensuring crucial financial information is communicated effectively and efficiently. This significant funding milestone follows a notable stride towards industry recognition, as docStribute successfully onboarded a tier 1 bank at the end of 2023. This brings our number of clients to over 30 and means we will be sending out more than 5 million documents a year. Adding such a prominent financial institution underscores the effectiveness of docStribute’s solutions in meeting the evolving needs of the finance sector."
Christopher Ansara
Founder at docStribute
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
Categories
About the company
docStribute
docStribute streamlines regulated financial communications through Distributed Ledger Technology.