Corlytics Limited, a Dublin-based financial software company, raised €1m in funding.
The round was led by Kernel Capital, through the Bank of Ireland Seed and Early Stage Fund, with participation from Enterprise Ireland, Angel Investors and Company Founders.
The company intends to use the funds to double its staff and grow operations.
Founded in 2013 and led by John Byrne, CEO, Corlytics have developed a platform which enables global financial institutions identify avoidable losses and fines. The company’s technology allows banks to minimize regulatory breaches by using predictive risk analytics applications to evaluate, benchmark and manage market risk.
It has offices in London, New York and Boston.