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UK RegTech Cube secures investment from HgCapital Trust

By Gloria Methri

March 22, 2024

  • Automated Regulatory Intelligence
  • Compliance Regulatory
  • FinTech
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CUBE, RegTech, Hg, Automated Regulatory Intelligence, Regulatory Change Management, UKCube, a specialist in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) technology has secured a significant investment from HgCapital Trust, an investor in European and transatlantic software and services businesses.

The strategic partnership will see Hg invest alongside CUBE’s founder and CEO, Ben Richmond, helping the company ” revolutionise” regulatory intelligence and change management in highly regulated industries.

Since 2011, CUBE has partnered with many leading banks, insurers, asset managers, and other highly regulated enterprises to deliver its cloud-based regulatory technology solutions to automate legal, compliance, and risk functions.

CUBE’s platform offers a comprehensive and robust source of classified and meaningful AI-driven regulatory data covering every regulated country and territory worldwide. Headquartered in the UK, the company has operations across Europe, North America, Asia, and Australia.

Ben Richmond, Founder and CEO of CUBE, said, “With Hg’s vast experience and expertise in scaling software businesses, we look forward to accelerating our growth and continuing to deliver innovative regulatory intelligence and change management solutions that customers can depend upon in the long term.”

He continued, “Quality and governance of AI are at the forefront of customers’ agendas, and CUBE will continue to invest significantly to deliver the industry’s highest standards in this regard, along with continued market-leading innovation, ultimately creating an industry-defining regulatory compliance and risk platform.”

With $6.5 billion invested in the regulatory, compliance, and financial technology sectors alone, Hg invests in technology companies that are transforming their industries. The company will leverage this deep sector expertise to support CUBE in its next phase of growth, providing strategic guidance and operational support to help the company scale its business.

Christopher Fielding, Partner at Hg, said, “CUBE is an excellent example of a business that is using technology to solve real and pressing challenges for regulated industries. We have been impressed by CUBE’s innovative approach to regulatory intelligence and change management and the strong demand for its solutions amongst regulated firms across the globe. Ben is a visionary for this sector, and we are excited to partner with him and the CUBE team to achieve their growth ambitions.”

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