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London-based regtech firm eflow Global has successfully raised £7 million in a Series A funding round led by Finch Capital. Atempo and ScaleUp Group also participated in the funding round, which aims to bolster eflow’s presence in North America and the Asia-Pacific region.
Established in 2004, eflow offers financial institutions software solutions to facilitate compliance with regulatory requirements. Their services encompass market abuse surveillance, transaction-cost analysis, transaction reporting, and eComms surveillance.
In recent times, eflow has pursued a revamped growth strategy, transitioning to a 100% cloud-based Software-as-a-Service (SaaS) model in 2021 and completing a management buyout the previous year.
Ben Parker, CEO of eflow Global, emphasized the growing importance of automating regulatory obligations for investment firms due to increasing scrutiny from global regulators. With their recent shift to a fully cloud-based model, eflow saw an opportune moment to secure additional investment, enabling them to accelerate their growth trajectory and enhance product development plans. The funds raised through this funding round will fuel eflow’s expansion efforts, particularly in key markets like North America and Asia-Pacific, as they continue to provide innovative regtech solutions to financial institutions worldwide.
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