London fintech start up completes $50m investment round for international expansion
A London fintech start up has announced the completion of a $50m investment round for international expansion.
ComplyAdvantage is announcing the completion of a $50m Series C investment round, with the funds earmarked for its expansion across the US, Europe and Asia.
The Series C round was led by Ontario Teachers’ Pension Plan Board (Ontario Teachers’) through its Teachers’ Innovation Platform (TIP), which focuses on late-stage venture and growth equity investments in companies that use disruptive technology.
Existing ComplyAdvantage investors Index Ventures and Balderton Capital also participated in the round.
Charles Delingpole, founder and CEO of ComplyAdvantage, commented: “Ontario Teachers’ deep experience and credibility with global financial institutions made them a natural choice to lead the round.
“Ontario Teachers’ takes a long view of investing that is genuinely aligned with our own vision at ComplyAdvantage to transform how companies mitigate risk.
“This funding allows us to accelerate the development of our industry-leading data and suite of products to serve institutions with diverse clients and complex risk exposure.”
Olivia Steedman, senior managing director, TIP, at Ontario Teachers, added: “ComplyAdvantage offers mission-critical technology solutions for combating financial crime and keeping pace with an ever-evolving regulatory landscape.
“The company is well positioned to continue its rapid growth as its powerful technology platform transforms the compliance and risk management process for its clients.”
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