Reg UK, a London, UK-based provider of a range of data analytics and risk management solutions to insurance intermediaries globally, completed a £2.4m funding round.
Backers included Disruptive Capital Finance, which represents the private equity investment vehicle and family office of the Truell family, and Shawbrook, which arranged a debt facility.
The company intends to use the funds to enable further investment in the platform, people and systems to support its growth trajectory both in the UK and globally.
Led by Michael Phair, CEO, Reg offers a range of data analytics and risk management solutions to insurance intermediaries globally. Its solution allows Insurers and Intermediaries to simplify compliance and management processes between insurers, brokers and customers.
The company has clients across the country and a number of international markets, including ageas, PIB Group, Lloyds and GRP.
The business now employs 35 people.