3 years ago

SteelEye Secures $21 Million in Series B Funding to Expand Globally

  • SteelEye, a London-based compliance technology and data analytics company, has raised $21 million in Series B funding led by Ten Coves Capital

  • The funding will be used to accelerate SteelEye's global expansion, with a focus on North America

  • SteelEye's RegTech platform helps banks, brokers, asset managers, and other regulated financial firms simplify their compliance processes across various EU, UK, and US market regulations

  • The company has offices in New York, Bengaluru (India), and Braga (Portugal).

      • ProblemFinancial Services

      "Reduce regulatory burden and improve compliance processes for financial institutions across various market regulations."

      Solution

      "SteelEye provides a SaaS-based RegTech platform that simplifies compliance processes for banks, brokers, asset managers, and other regulated financial firms by locking data in a WORM-compliant vault, identifying early warning signs of harmful conduct, and demonstrating watertight policies, procedures, and controls."

      Covered on