BankingBusiness

SteelEye: Raises additional capital as it eyes expansion into North America

  • SteelEye a RegTech and data analytics firm that established to reduce the complexity and cost of financial compliance
  • Beacon Equity Partners a private equity firm investing in innovative software and technology companies
  • Expansion support North American firms facing increased regulatory pressures and meet heightened demand for cloud-based compliance
  • The business raised more than $17 million through two funding rounds in 2020
  • The SteelEye platform reduces the complexity and cost of financial compliance by providing a range of regulatory tools
  • The second and more recent round completed in December with U.S. based investor Beacon Equity Partners leading the round
Previous article
Maxwellia: Raises £3.2M in Funding
Next article
FDX: Announces Results of 2021 Strategic Survey
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

AI Citing Bolt Lays Off a Third of Staff

The tech company streamlines operations amidst shifting market conditions.Highlights: Bolt reduces workforce by a third due to AI...
FinTech

MillTech Secures $60 Million to Expand into US Market

Funding positions MillTech for growth in North America.Highlights: MillTech raises $60 million for US expansion.The funding aims to...
FinTech

KreditBee Joins Unicorn Club After $280 Million Funding Round

Fintech firm KreditBee reaches unicorn status with significant investor backing.Highlights: KreditBee raises $280 million in Series D funding.Company...
FinTech

Swiss Banks to Test CHF Stablecoin

Innovative pilot program aims to enhance digital currency use.Highlights: Swiss banks are launching a pilot program for a...