docStribute, a London, UK-based RegTech company, recently concluded a pre-Series A funding round, amassing a substantial £820k. The funding round attracted participation from financial service angels, bolstering the company's capital. With these funds, docStribute aims to bolster its development and marketing capabilities, enhancing customer integration, and expediting the business's expansion.
Christopher Ansara, the Founder of docStribute, spearheads the company.
Leveraging Distributed Ledger Technology (DLT), docStribute ensures that financial institutions transmit mandatory or regulated customer communications that adhere to the FCA guidelines. Their innovative technology utilizes "immutable-hyperlinks" to guarantee document integrity, aligning with the Financial Conduct Authority's (FCA) Durable Medium rule. These secure links can be shared across various channels like email, instant messaging, or SMS, complying with stringent communication guidelines. By safeguarding information and fostering engagement, docStribute also complies with the FCA's Consumer Duty regulation, set to be introduced in 2023.
Having successfully raised £1.7m thus far, docStribute has established itself as a promising venture. In addition to the impressive financial support, the company was also awarded an innovation smart grant in 2020. These achievements highlight the confidence and recognition that docStribute has garnered within the industry.