algoreg raises $1 Million Series A Financing from institutional investors for Innovative RegTech Solutions

algoreg raises $1 Million Series A Financing from institutional investors for Innovative RegTech Solutions

algoreg, an innovative regulatory technology (regtech) company, today announced the successful completion of a Series A funding round. algoreg raised $1 million in this round led by GAI RegTech Ventures, Jean-Pierre Bitton and G&F fund.

algoreg will use this funding to continue enhancing their onboarding modular platform, hire a significant number of technology staff and expand the footprint in Europe. The platform contributes to the digital transformation of regulated firms in full compliance with regulatory requirements.

Our products enable a fast and compliant customer onboarding, decrease operational cost of doing KYC and improve the customer user experience.

Jean-Pierre Bitton, who participated in the round, joins the management team as Chief Sales Officer and member of the Board of Directors. Jean-Pierre is a seasoned business executive and entrepreneur with over 25 years successful sales track record in the Financial Technology industry (notably IBM, Reuters, Sungard, Calypso Technology).

“I am very enthusiastic about the future prospects of the business as we continue to innovate and modernize regulatory compliance. There is tremendous potential for future growth. I am looking forward to working with the five star team”

Jean-Pierre Bitton.