C2S2, a compliance support platform for employees, has reportedly raised a ‘six-figure range’ round of funding.
The capital was supplied by High-Tech Gründerfonds, a German venture capital firm, a report from FinSMEs states.
With the proceeds from the round, the RegTech startup is looking to further the expansion of its operations and business reach, it said.
C2S2 Rulebook is a designed to help employees get quick and clear answers to their questions around regulatory obligations. The mobile app enables employees to query rules and options for actions, document decisions and gain a deeper understanding of the policies and the guideline content.
Its white label platform can be customised and integrated with an existing web platform and mobile device. Employees can search through the rules of the business and ensure they conduct operations in the compliant manner.
Currently, the platform is able to improve policy management, deepen the value transfer process, build a digital organisation manual, and optimise the organisational system of a business.
Last year, High-Tech Gründerfonds made a €1m seed investment into contract and insurance policy reminder solution Remind me. The company offers a reminder and recommendation service for contacts and insurance policies, to ensure users do not miss cancelation deadlines and are provided with recommendations for better tariffs.
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