RegTech startup REG UK announces new funding
REG, a UK-based provider of a regulatory compliance platform for brokers, announced that it has received an £8M majority investment from Disruptive Capital Investments; valuing the business at £20M. The company was launched in 2014 by founder and CEO Michael Phair to offer 24/7 alerts for financial, corporate, sanctions and regulatory changes in a broker’s information, with electronic exchange of Terms of Business Agreements (TOBAs). Also, more than 2,000 members are registered on REG including Marsh and Ageas. Bottom Line: a possible US entrant.