RegTech startup Meeco has secured access to new money and acquired Australian FinTech SVX Group, the secure business data storage and sharing platform.
The company is set up to give clients and businesses more control of their data and how it is managed in a compliant and secure way.
Meeco announced the closure of the AUD$9.4m ($6.45m) pre-Series A round to fund the growth of the company’s international growth, including its new European headquarters in Belgium.
“We’re committed to enabling greater customer participation in the digital market and see significant benefits for revenue growth, trust and transparency for our partners across B2B, B2B2C and the emerging Me2B markets through the adoption of our technology,” said Katryna Dow, CEO and founder of Meeco.
SVX Group has developed a patented platform for the storage and sharing of personal and business information, supported by an extensive range of external data feeds that include pension, property, banking, loyalty and wealth management.
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