Luxembourg-based Governance.com has today announced raising a €3 million round which will be used to expand its digital governance solutions for financial institutions. The news comes after the startup was recognized for the second consecutive year as one of the most innovative RegTech companies in the world.
Founded in 2011 by twin brothers, Bert and Rob Boerman, Governance.com is a RegTech company providing digital governance solutions that enable financial institutions to understand their data, automate their process and record their actions. Governance.com’s cutting edge data aggregation, process automation and analytics technology simplifies and automates regulatory processes and puts real-time business intelligence at their client’s fingertips, wherever and whenever needed.
Since being awarded “Luxembourg FinTech Startup of the Year” in 2016, the company positioned itself as one of the most successful Luxembourg FinTechs. In 2018, Governance.com was recognized as one of the 50 hottest European FinTechs alongside unicorns such as Revolut, N26 and Monzo. It was also listed two consecutive years as one of the most innovative RegTech companies in the world by FinTech Global. Today, Governance.com serves Tier 1 banks and asset managers in Luxembourg, Ireland and Switzerland.
“Our ready-to-go solutions for fund managers and depositaries, combined with our new CRM solution, are extremely well received. The pre-configurated models, in line with CSSF circulars like 18/698 and 18/697, enable clients to be immediately operational with cost effective implementations. Moreover, our new robotic process automation technology can help increase compliance productivity by 25%, while ensuring that our clients can always demonstrate regulatory compliance”, says Bert Boerman, CEO of Governance.com.
“The year 2019 was very good, year 2020 will be even better. We are on our track to become Luxembourg champion and a recognized regional player for digital governance solutions in the asset management industry. We remain very ambitious. We plan to revolutionize the entire governance ecosystem by simplifying matters and reducing the costs of any corporate governance challenge. Some major announcements will follow soon, so stay tuned!”, completes Georges Bock, Chief Strategy Officer of Governance.com.
The new funds will be used to double its headcount to satisfy the fast-growing demand for its solutions. Over the next 12 months Governance.com will hire 20 top talents to boost its Clients and the Solutions Teams.