FNA

Dr. Kimmo Soramäki

UK-based RegTech, FNA has secured $5.5 million in a Series A investment round led by IQ Capital along with GETTYLAB.

“FNA set out to make the global financial system safer and more efficient through better, data-driven, understanding of the interconnectedness of market participants. This investment is a testament to the work we’ve done with our central banking, regulatory and FMI clients,” said Dr. Kimmo Soramäki, Founder and CEO, FNA. “This investment comes at a critical time for FNA as the market searches for new solutions to counter new threats to the financial system.”

According to the company, the new inflow of funds is expected to assist the company in enhancing its FNA platform, devise solutions for helping FIs as well as help the RegTech in its preparation for financial crises or cyber threats.  The funds will also allow the firm in its expansion strategy across the US and Asia Pacific.

“FNA’s offering is truly unique and their pioneering work in Network Analytics has produced a platform that has the potential to revolutionise the way risks are managed,” said Kerry Baldwin, Managing Partner, IQ Capital. “IQ Capital felt it important to facilitate the continued growth of FNA and to be involved with such groundbreaking technology.”

Established in 2013, FNA is an UK-based RegTech and SupTech (Supervisory Technology) that interacts with global regulators for the efficient management of risk, risk concentrations as well as helps banks to optimize liquidity and manage financial crime risks.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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