Singapore-based RegTech Start-up RegTank Secures $2M in seed funding
Singapore-based RegTech solution RegTank announced that it secured a $2M in funding from tech investors SuperChain Capital and IPB Capital. This is one of the largest seed funding rounds for RegTech companies in Asia. Founded by seasoned industry experts in 2020, RegTank will be using the funding to enhance its SaaS platform and deepen research into its patent-pending intelligent AML risk engine.
With the fast-changing regulatory landscape for Fintechs and financial institutions, RegTank provides an innovative risk-based approach (RBA) compliance solution integrating Know Your Customer (KYC) and Know Your Transactions (KYT) to provide a 360° risk profile by leveraging a smart risk assessment engine. KYC and KYT are combined into a single consolidated platform to offer the ultimate AML...