UK’s regtech scaleup eflow Global bags €8M to simplify compliance for the financial services sector

London-based eflow Global, a regtech scaleup, announced on Tuesday that it has raised £7M (approximately €8M) in a Series A round of funding.

The round was led by Finch Capital and supported by Atempo and ScaleUp Group partners.

eflow Global says it will use the funds to accelerate its growth with a particular emphasis on strengthening footholds in North America and Asia-Pacific.

Further, the capital injection will fuel an exhaustive period of research and development with the company expecting to release a range of new products and enhanced solutions over the coming two years.  

Ben Parker, CEO and Founder of eflow Global, says, “Increasing scrutiny from global regulators has made it imperative for investment firms to automate costly and time-consuming regulatory obligations. With a recent move to a 100 per cent cloud model, we felt the time was right for us to take additional investment to accelerate growth and product development plans.”

eflow Global: Simplifying compliance for the financial services sector

Founded in 2004, eflow Global provides financial firms with software solutions to help them comply with their regulatory requirements. 

The UK company offers solutions for market abuse surveillance, transaction-cost analysis, transaction reporting, and eComms surveillance. 

eflow Global’s solutions are used by over 100 financial institutions worldwide, including Aegon Asset Management and Plus500. 

After migrating to a 100 per cent cloud-based SaaS model in 2021, eflow Global’s executive team led a successful MBO in 2022, sparking this most recent period of expansion. 

Aman Ghei, Partner at Finch Capital, adds, “We are very excited to be partnering with Ben and the team at eflow. There aren’t many profitable and high-growth businesses in regulation technology and that is a testament to how well the team has done to deliver best-in-class SaaS solutions to marquee customers. With our investment, the team will further be able to invest in technology and product development to enable their customers to stay on top of the ever-changing regulatory environment.”