1.7 million euros for Berlin startup-and the ex-Justice Minister takes part

Fresh capital, prominent investors and a growing market: The Berlin Regtech Startup Regpit wants to continue expanding in Europe with its compliance platform.

The Berlin Regpit Regpit Berlin Start-Seed Financing round has completed a round of 1.7 million euros. In addition to capital, the group mainly 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 automation and integrating money laundering compliance processes.

The solution is aimed at companies from the financial and non-financial sector and covers areas such as risk management, KYC/KYB procedures, sanction tests, whistle systems and employee training.

Also read

Series B extension for Ororatech: Munich Spacetech secures another 37 million euros

Prominent supporters from politics and business

Investors include former Federal Minister of Justice Brigitte Zypries, former Chief Compliance Officer of Goldman Sachs Bank Europe SE, Michael Bartsch, and Ben Broshi, former Telekom manager and now at Apple.

CEO and co -founder Jacob Wende sees a strategic lever for companies in the platform: “Our goal is not to understand compliance as a necessary evil, but as a strategic advantage. That is why we build a platform that makes regulatory complexity understandable – and relieves it operatively.”

Ex-Federal Minister of Justice Zypries emphasizes the social relevance of the topic: “Organized crime is becoming more and more sophisticated and is a threat to our democracy. This is also why the legislator had to react with numerous specifications.”

According to the company, customers already include MCMakler, Bitgo and Finanzguru.

Also read

Customs, withholding tax, documentation: These 4 startups show how to earn money with regulation

Growth plans with a focus on AI and new markets

With fresh capital, Regpit wants to promote the expansion of the platform – among other things through the use of AI – as well as new partnerships and customer groups.

The company is also preparing for the expansion to further European markets. The upcoming establishment of the EU money laundering supervisory authority AMLA and an increasing regulatory pressure at European level should further increase the need for cross-border compliance solutions.