eflow secures £7m from Finch Capital to accelerate growth
Finch Capital led the funding round, which will support international expansion and product development.
eflow Global provides regulatory compliance software for financial institutions, covering market abuse and transaction reporting. The firm has evolved into a SaaS provider serving over one hundred clients internationally.
Regulatory compliance software provider eflow has secured £7m in funding to accelerate its expansion across the UK and international markets. The investment round was led by Finch Capital, with additional participation from Atempo and ScaleUp Group Partners. ScaleUp Group acted as exclusive advisor for the raise, which commenced earlier in the year.
The fresh capital will be directed towards key appointments and continued product development as the company scales. Leadership noted that the process unfolded amidst a difficult macroeconomic backdrop, reflecting investor appetite for profitable businesses with proven track records. Finch Capital was selected for its sectoral expertise and alignment with the firm's strategic objectives.
Finch Capital highlighted the rarity of profitable, high growth regulatory technology businesses, pointing to the company's established customer base of financial firms. The partnership will enable further technological enhancements to help clients navigate complex regulatory requirements.
From the founder
"We began the process with ScaleUp Group against a background of a challenging global financial climate. Despite this, we were in an enviable position as investors are now looking for businesses with solid historical foundations, as well as significant growth prospects. Finch stood out as it demonstrated a vision that aligns with ours as we progress on this next stage of our journey. Finch’s demonstrable experience and expertise in our sector was the other significant factor."
Ben Parker
CEO at eflow Global
Investor perspective
"We are very excited to be partnering with Ben and the team at eflow. There aren’t many profitable and high growth businesses in regulation technology and that is a testament to how well the team has done to deliver best in class SaaS solutions to marquee customers. With our investment, the team will further be able to invest in technology and product development to enable eflow customers to stay on top of the ever-changing regulatory environment."
Aman Ghei
Partner, Finch Capital
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
Investors
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About the company
eflow Global
eflow Global provides regulatory compliance solutions for financial institutions.