Droit Raises $16M in Funding

droitDroit Financial Technologies, a New York-based financial technology company, raised $16m in Series A funding.

The round was led by Goldman Sachs, Pivot Investment Partners and Wells Fargo with participation from DRW.

The company intends to use the funds to expand operations globally, including the planned opening of an office in Singapore and an expansion of the sales, support and marketing teams.

Founded in 2012 and led by Satya Pemmaraju, CEO, Droit Financial Technologies provides ADEPT, a real-time decision-making engine, which provides point-of-execution compliance for sales and trading systems at a broad range of financial institutions.
The platform ensures that every transaction is executed across jurisdictional guidelines on a timely basis by producing thousands of automated trading decisions per second. Combining finance and computational law, ADEPT also establishes that clients are current with regulations and market microstructure across their entities, counterparties and geographies.

Since its first live install in February 2014, Droit has onboarded a list of global financial institutions and implemented more than 12 global regulatory regimes, with a complete MIFID 2 solution available to clients later this year. All regulatory frameworks are unified and managed within a single infrastructural solution, driving both pre-execution eligibility and post-execution compliance.

The company also has offices in London.



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