Kore, a London, UK-based RegTech Software-as-a-Service (SaaS) platform that enables large financial institutions to fast-track regulatory compliance, raised under £2.4 million in funding.
Wealth Club members under the Enterprise Investment Scheme (EIS) participated in the round.
The company intends to use the funds to expand operations and its business reach.
Kore provides a SaaS platform for end-to-end product lifecycle management in financial services. Its compliant solution helps financial firms bring complex and fragmented data together to create a digital audit trail across all products and functions in a single dashboard.
The company provides regulatory oversight for senior managers, a cross-product management tool for specialists, and a product hub for frontline users.
Company: Kore Labs Limited
Raised: £2.4M
Round: Unknown
Funding Month: August 2023
Lead Investors:
Additional Investors: Enterprise Investment Scheme (EIS)
Company Website: https://korelabs.co/
Software Category: Digital Product Governance and Product Relationship Management
About the Company: Led by Sabrina Del Prete, CEO, Kore is a cloud-enabled SaaS solution for digital product governance and PRM (Product Relationship Management) application. Kore embeds digital tools and robust practices throughout the lifecycle of financial products to achieve enhanced governance, efficiency, and transparency. Kore serves a blue-chip customer base, including major banking groups in Europe, is poised for expansion into new markets later this year, and has been revenue-generating since its launch in 2019.
Source: https://www.finsmes.com/2023/08/kore-raises-nearly-2-4m-in-funding.html