Bert Boerman and Rob Boerman, co-founders of Governance.com, are seen after being named “Fintech startup of the year”, 21 June 2016. Library picture: Anna Katina.
Luxembourg regtech outfit Governance.com has raised €3m in its latest funding round.
The funds will be used to “double its headcount”, with the company stating in a 17 January announcement that: “Over the next 12 months Governance.com will hire 20 top talents.”
The company develops software which helps banks and investment firms comply with EU and national financial regulations in a more automated fashion.
This week’s funding round was the company’s fifth, according to Crunchbase, a data firm.
Governance.com (which previously was named Governance.io and before that 2Gears) raised $4.4m from Banque Internationale à Luxembourg, the European Investment Bank and other investors in 2016, according to CB Insights, a research firm.