Bakertilly analyses the latest financing round of the Austrian platform Kompany. The transaction occurred on 5 August when the company conducted a financing round with the aim of expanding internationally.
Kompany founded in 2012, is an Austrian platform for anti-fraud business regulations "Know Your Customer" (KYC), the collaborative KYC workspace is a web-based platform that provide financial institutions, payment providers, insurers and others with the automation platform and tools necessary for Business KYC and audit-proof business verification for AML compliance.
The company has raised €6 million. Fairway Global Investment led the round, together withGlobal Braina leading venture capital firm based in Tokyo, Japan, which acted as co-investor.Both are global investors in RegTech, FinTech and the payments sector. in addition to the existing shareholders, including the European Super Angels Club and Kompany's management team also participated in this round.
Both leading investors understand the benefits of digitised KYC and want the Austrian startup's services to be implemented in their immediate circles. Naoki Kamimaeda of Global Brain said that kompany's offering is "particularly relevant to our investments in the payments sector and also to our corporate partners. We look forward to leveraging this new partnership with kompany to support the other companies and partners in our portfolio".
The new funding will serve to accelerate the company's international growth and develop new product lines: an AI-based shareholder analytics tool called UBO discovery and an audit trail solution called KYC onchain, which will enable 5-second border payments with full Aml and KYB compliance integrated.