docStribute, a London, UK-based RegTech company, completed a pre-Series A funding round, securing £820k.
Financial service angels participated in the round.
The company intends to use the funds to add to its development and marketing capability to enhance customer integration and accelerate the scale up of the business.
Led by Christopher Ansara, Founder, docStribute leverages Distributed Ledger Technology (DLT) to ensure that financial institutions send mandatory or regulated customer communications meeting the requirements set by the FCA guidelines. Their proprietary technology utilizes “immutable-hyperlinks” to ensure document integrity in line with the Financial Conduct Authority’s (FCA) Durable Medium rule. These secure links can be shared through various channels, such as email, instant messaging, or SMS, aligning with strict communication guidelines. This not only safeguards information but also enhances engagement, complying with the FCA’s Consumer Duty regulation introduced in 2023.
docStribute has now raised over £1.7m to date, on top of the innovation smart grant awarded in 2020.
FinSMEs
06/02/2024