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Regtech: SteelEye Plans North America Expansion


Regtech: SteelEye Plans North America Expansion
April 8, 2021 @ 9:41 pm By JD Alois
SteelEye has distributed a note revealing its expansion into North America. SteelEyes is a UK-based compliance and data firm that has reported rapid growth in Europe.
SteelEye seeks to provide a comprehensive SaaS-based Regtech platform that allows banks, brokers, and asset managers to simplify their compliance processes across various EU, UK, and now the U.S..
In 2020, SteelEye raised over $17 million to fund its expansion. A round completed in December was led by
Beacon Equity Partners.
CEO of SteelEye,
Matt Smith, says the U.S. and Canadian markets are crying out for a new way to oversee their conduct and trading activity. ....

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SteelEye Raises Additional Capital As It Eyes Expansion Into North America


SteelEye Raises Additional Capital As It Eyes Expansion Into North America
Date
08/04/2021
Expansion will support U.S. firms facing increased regulatory pressures and meet heightened demand for cloud-based compliance and regulatory oversight technology.
COVID-19 crisis has been a major driver behind the move, with the pandemic inundating compliance teams with investigations and creating an urgent need to explore new monitoring measures for regulated employees while working from home.
$17 million raised in 2020 to support the company’s growth.
SteelEye, the UK-based compliance technology and data analytics firm, today announces its plans to bolster its footprint by expanding into North America.
SteelEye, which has seen rapid growth in Europe since launching in 2017, delivers a comprehensive SaaS-based regulatory technology (regtech) platform that allows banks, brokers, and asset managers to simplify their compliance processes across various EU, UK ....

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Encompass Corporation secures investment from Beacon Equity Partners to power growth


Encompass Corporation secures investment from Beacon Equity Partners to power growth
Encompass secures new funding from Beacon Equity Partners on the back of significant revenue growth and a 74% increase in headcount over the last 12 months
Leading RegTech provider of Know Your Customer (KYC) automation software, Encompass Corporation, has secured new investment from Beacon Equity Partners, a Boston-based private equity group focused on companies that solve regulatory and compliance challenges.
Beacon joined with existing investors in a broader capital round supporting Encompass’ growth in 2020. To further this important relationship, Beacon Partner, Joe Bradley, an experienced FinTech investor, will also join Encompass’ Advisory Council, to sit alongside existing members Stephen Allen, former CRO of Macquarie Group; Kevin Gould, founder of IHS Markit, and Raymond W. Scott, CEO of Axolotl Corp. ....

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