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eflow Global secures £7 million in series A funding

Written by Ben Parker

eflow Global secures £7 million in series A funding

**London, UK: **UK-based RegTech (Regulatory Technology) scaleup eflow Global has raised £7 million in capital through a Series A funding round.

Led by Finch Capital and supported by Atempo and ScaleUp Group partners, this funding round will help to accelerate eflow’s growth with a particular emphasis on strengthening footholds in North America and Asia-Pacific.

Founded in 2004, eflow Global provides financial firms with software solutions to help them comply with their regulatory requirements. They offer award-winning solutions for market abuse surveillance, transaction-cost analysis, transaction reporting and eComms surveillance. 

The company’s emphasis on simplifying compliance procedures while retaining robust security has granted them a reputation as one of the world’s leading RegTech providers. Its solutions are currently used by over 100 financial institutions worldwide including Aegon Asset Management and Plus500. 

Despite the company’s long history, eflow Global has recently committed to a revitalised growth strategy. After migrating to a 100% cloud-based SaaS model in 2021, eflow Global’s executive team led a successful MBO in 2022, sparking this most recent period of expansion. 

This most recent injection of capital will fuel an exhaustive period of research and development with the company hoping to release a range of new products and enhanced solutions over the coming two years.  

Ben Parker, CEO and Founder of eflow Global, commented that: “Increasing scrutiny from global regulators has made it imperative for investment firms to automate costly and time-consuming regulatory obligations. With a recent move to a 100% cloud model, we felt the time was right for us to take additional investment to accelerate growth and product development plans.”

Aman Ghei, Partner at Finch Capital added: “We are very excited to be partnering with Ben and the team at eflow. There aren’t many profitable and high growth businesses in regulation technology and that is a testament to how well the team has done to deliver best in class SaaS solutions to marquee customers. With our investment, the team will further be able to invest in technology and product development to enable their customers to stay on top of the ever-changing regulatory environment.”

About the parties

About eflow Global

For over 20 years, eflow has been providing regulatory compliance solutions to the financial services industry. They currently service over 100 clients across 5 continents, providing both buy-side and sell-side firms with fast, efficient software designed to keep them compliant and competitive in this ever-changing regulatory landscape. Their offerings include trade surveillance for market abuse, best execution and transaction cost analysis, custom and bespoke regulatory reporting, transaction reporting, eComms surveillance and MiFID II record keeping. 

About Finch Capital

Finch Capital is a growth investor in Europe’s biggest tech transitions. Founded in 2013, Finch manages over €500m in AUM and backs SaaS companies in 6 primary sectors: Regulatory and ESG software, Payments, Business Applications in Finance (Accounting, HR, Tax, Back Office), FinTech, InsureTech and Real Estate Technology. Finch has backed over 50 companies including regulatory leaders like Fourthline as well companies like Zopa, Goodlord, AccountsIQ.

About ScaleUp Group

ScaleUp Group was formed by entrepreneurs, who have successfully navigated through founding, growing, floating and selling businesses of their own, to help technology scaleups achieve their full potential through fundraising and business development and become ‘Global Champions’. This includes investment by our own investor/Partners and their post-investment support to our clients such as the monthly CEO Forum and various on-demand engagements, de-facto being a ‘virtual Advisory Board’ to help entrepreneurs achieve their goals.