“We target everything that falls under the light financial system”
What Regpit offers is a comprehensive system to ensure compliance with anti-money laundering regulations.
We target everything that falls under the light financial system. This includes smaller banks and financial service providers, payment institutions, as well as law firms, real estate agents, and crypto custodians.
All-in-one solution from Regpit
This is, figuratively speaking, the cockpit (from which the startup also derives part of its name) for compliance processes. Regpit also supports these with employee training and risk management.
During the development of the platform, it became clear that – given the many country- and sector-specific requirements – it made sense to offer sector-specific solutions. For example, there’s a package tailored to the workflows of law firms.
First Financing Round
Founded in Berlin in September 2021, the company was initially self-funded. According to co-founder Jacob Wende in an interview with Börsen-Zeitung, the first financing round was then carried out last year.
Several business angels took part, including former Federal Minister of Justice Brigitte Zypries, regulatory expert Thomas Emde, and manager Ben Broshi, formerly with Telekom and now at Apple.
European Rollout in the Next Phase
The growth plan provides for Regpit to focus primarily on expansion within the German-speaking region over the next two years.
The company has already acquired several key customers and is generating strong revenue. This creates an equity story that is well received in the current environment.
Later this year, Regpit plans to carry out a seed funding round, targeting a single-digit million euro amount.
Further insights into the founders’ plans for the future of Regpit can be found in the full Interview with the Börsen-Zeitung.
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