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
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

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...