Dotfile, a Paris, France-based RegTech company focused on simplifying compliance processes for financial institutions and other regulated businesses, has raised €6 million in funding.
Investors
The round was led by Seaya Ventures, with participation from existing investors Serena and Hexa.
Seaya Ventures is a European venture capital fund that invests in early-stage disruptive technology companies with global ambitions. It manages over €650 million across five funds and has offices in Madrid, Barcelona, London, and Mexico City.
Dotfile Use of Funds
The company plans to utilize the new funds to accelerate its research and development efforts and expand internationally, having recently opened an office in London and targeting other major financial centers.
About Dotfile
Founded in 2021 by Vasco Alexandre and Titouan Benoit, Dotfile provides a KYB solution for end-to-end business verification and compliance. Its all-in-one compliance platform allows regulated businesses to verify their customers or partners, reduce risk, and protect themselves from regulatory penalties and fraud. Dotfile leverages AI to help financial institutions automate customer onboarding and comply with Anti-Money Laundering regulations. With over 50 clients across ten countries, including firms like Spendesk and Younited Credit, Dotfile's mission is to make compliance effortless for financial institutions and other regulated businesses.
Funding Details
Company: Dotfile SAS
Raised: €6.0M
Round: Unknown
Funding Date: September 2024
Lead Investor: Seaya Ventures
Additional Investors: Serena, Hexa
Company Website: https://www.dotfile.com/
Software Category: KYB Solutions
Source: https://siliconcanals.com/paris-based-dotfile-bags-6m/