1.7 million euros for Berlin startup – and the former Minister of Justice is involved
Fresh capital, prominent investors and a growing market: The Berlin-based RegTech startup Regpit wants to further expand in Europe with its compliance platform.
The Berlin-based RegTech startup Regpit has completed a pre-seed financing round of €1.7 million. In addition to capital, the round also brings well-known personalities from business and politics on board.
Regpit was founded in 2021 and is based in Berlin. Regpit develops a modular SaaS platform for the automation and integration of money laundering compliance processes.
The solution is aimed at companies in both the financial and non-financial sectors and covers areas such as risk management, KYC/KYB procedures, sanctions screening, whistleblower systems and employee training.
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Investors include former Federal Minister of Justice Brigitte Zypries, former Chief Compliance Officer of Goldman Sachs Bank Europe SE, Michael Bartsch, and Ben Broshi, a former telecom manager who now works at Apple.
CEO and co-founder Jacob Wende sees the platform as a strategic lever for companies: "Our goal is to view compliance not as a necessary evil, but as a strategic advantage. That's why we're building a platform that makes regulatory complexity understandable – and reduces operational burdens."
Former Federal Justice Minister Zypries emphasizes the social relevance of the issue: "Organized crime is becoming increasingly sophisticated and is a threat to our democracy. This is one of the reasons why legislators had to respond with numerous regulations."
According to the company, customers already include McMakler, BitGo and Finanzguru.
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With the fresh capital, Regpit intends to drive the expansion of the platform – including through the use of AI – as well as new partnerships and customer groups.
The company is also preparing for expansion into additional European markets. The upcoming establishment of the EU Anti-Money Laundering Authority (AMLA) and increasing regulatory pressure at the European level are expected to further increase the demand for cross-border compliance solutions.
businessinsider
