London-based RegTech Kore Labs secures £2.4m for expansion
Kore Labs Limited, a London, UK-based RegTech Software-as-a-Service (SaaS) platform, has recently secured funding of under £2.4m. The funds were raised with the participation of Wealth Club members under the Enterprise Investment Scheme (EIS). The company plans to allocate these funds towards expanding its operations and increasing its business reach. At the helm of Kore Labs Limited is Sabrina Del Prete, who serves as the CEO.
Kore Labs Limited offers a comprehensive SaaS platform that enables large financial institutions to expedite regulatory compliance.
Their solution focuses on end-to-end product lifecycle management in the financial services sector. By bringing together complex and fragmented data, Kore Labs Limited helps financial firms create a digital audit trail across all their products and functions. This powerful tool is accessible through a single dashboard, making it convenient for firms to stay compliant. Furthermore, Kore Labs Limited provides senior managers with regulatory oversight, specialists with a cross-product management tool, and frontline users with a comprehensive product hub.
Having established a strong foothold, Kore Labs Limited boasts a blue-chip customer base, which includes major banking groups in Europe. The company has been generating revenue since its launch in 2019 and is now ready for further expansion. With plans to penetrate new markets later this year, Kore Labs Limited is poised for even greater success.
Click here for a full list of 6,908+ startup investors in the UK